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Economic trends: Page 21
Economic trends
November truck orders hit 26-year low
October data showed the Class 8 backlog was nearly 281,000 units and at October’s build rate the backlog-to-build ratio was 14.6 months.
December 7, 2021
Business
Trucks moved less tonnage in pandemic-hampered 2020, women trucker count hit all-time high
Trucking moved 10.23B tons of freight in 2020, according to the latest edition of American Trucking Associations’ American Trucking Trends 2021. Also: Shipper Conditions stand pat; Paccar Financial launches used truck site; Michelin raising tire prices.
December 3, 2021
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January 4, 2026
Economic trends
Trucking volumes, pricing fell in October while driver availability improved
ACT Research's monthly For-Hire Trucking Index showed an increase in driver availability. Also: Peterbilt deploying augmented reality tools to service techs; Aon, CarrierHQ partner for Last Mile Delivery insurance offering.
December 1, 2021
Economic trends
Trailer orders slide as ongoing material, labor shortage hamper build rates
Trailer OEMs are rolling unbuilt 2021 orders into 2022 and filling any gaps with new orders.
November 28, 2021
Economic trends
What to expect with diesel prices in the coming months
Depending on the severity of the upcoming winter, diesel prices could continue to increase for the next few months. Prices are expected to fall in 2022, however, as refineries increase production.
November 18, 2021
Economic trends
FTR: Trucking conditions for carriers improved in September
Freight rates strengthened in September, while volume and capacity utilization dipped slightly. Also: Two sentenced in HHG moving scheme; Twelve carriers set to participate in Wreaths Across America convoy to Arlington National Cemetery.
November 18, 2021
Economic trends
Some truck OEMs canceling 2021 truck orders, rebooking for 2022 at a higher cost
With backlogs stretching into the second half of 2022 and still no clear visibility on the easing of the everything shortage, modest October truck order results suggest OEMs are taking cautious approach in managing customer expectations.
November 3, 2021
Economic trends
Spot rates post largest gain in eight weeks as market outpaces seasonal expectations
Truckstop.com rates increased 5 cents to $2.92 per mile. The 7-day national average line-haul rate for van freight increased 3 cents to $2.48 per mile, according to DAT.
November 2, 2021
Business
L.A. ports are just a symptom of a much larger supply chain problem
Industry groups call for transparency, communication among transportation modes.
October 28, 2021
Economic trends
Spot loads falling thanks to high contract rates, plugged supply chain
Already healthy reefer demand is about to accelerate thanks to tree fruit harvests, but the dry van load per truck ratio now at its lowest point in four months.
October 27, 2021
Economic trends
Trailer OEMs can't fill 2021 orders, pushing them to 2022
Trailer orders now total 316,000 units over the past twelve months.
October 27, 2021
Business
California port backlog an 'emergency' requiring the national guard?
President Joe Biden floated the possibility of using National Guard troops to move freight as a group of California businesses demand temporary deregulation to address the massive port backlog.
October 26, 2021
Pay and benefits
JK Moving raises driver pay to six-figures | Truck tonnage index September jump was the largest this year
With the guaranteed income, JK salaries put CDL drivers among the Top 25 highest paying jobs in the nation. Also: Navajo Express is winding down its use of 3G cellular-based devices; Truck tonnage is up without additions to truck-count.
October 20, 2021
Economic trends
Solving supply chain a 'global game of Whack-A-Mole'
Commercial vehicle demand remains healthy but supply still constrained.
October 19, 2021
Economic trends
DAT: Contract rates catching up with spot rates
The national average contract van rate rose 3 cents last month compared to August and now equals the national average spot van rate.
October 18, 2021
Economic trends
Trucking industry not confident in Biden's 24/7 port plan
There are not enough truckers to work three shifts per day nor does the hinterland infrastructure support hundreds of more containers to be unloaded in a 24-hour period.
October 17, 2021
Economic trends
Spot volume weakens but volatility looms
Fuel costs pressure on rates likely will continue as crude is now trading at its highest price in seven years.
October 12, 2021
Economic trends
Spot volume edges higher as dry van loads rise to second-highest level ever
The average spot van rate from Los Angeles to Chicago – a key intermodal lane – was up 5%, according to DAT, and the number of loads moved increased by 19% compared to the previous week as shippers looked to truckload carriers to move urgent freight.
October 6, 2021
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Technology
Court halts NYSTA surcharge on commercial trucking toll management service providers
The court's rulings pause the implementation of the surcharge and allow Bestpass by Fleetworthy and PrePass to continue their participation in NYSTA’s existing Standard Commercial Charge Account program while the court reviews legal and procedural issues related to the authority's newly established program.
Business
Abilene Motor Express folding into Swift Transportation
Business
Quantix partnering with liquid bulk haulers MC Tank Lines, Leahy Transport
Mergers & Acquisitions
Koch doubles its nationwide square footage with SOS acquisition
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