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Economic trends: Page 22
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
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March 9, 2026
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
Economic trends
Truck orders drop, but 'order number is not a true indicator of 2022 truck demand'
Facing supply chain challenges, at least one OEM expects deliveries this quarter to fall despite fevered demand.
October 5, 2021
Economic trends
Yokohama announces another price hike during 'unparalleled rise of freight and operational costs'
Due to an 'unparalleled rise' in freight and operational costs, Yokohama is raising prices again starting Nov. 1.
October 1, 2021
Economic trends
Effect of vax mandate on trucking likely to mirror that of a severe weather event
This year has been a challenge for shippers, with the number of loads to available drivers hovering at about a 6:1 ratio, and skyrocketing the closer you get to a port.
September 29, 2021
Business
The underlying problems with the 'best freight market in history'
The year 2021 may go down in history as "the best freight economy in U.S. history," but as high as volumes and rates can climb there will still be winners and losers due to unprecedented supply-side problems.
September 23, 2021
Economic trends
Spot load volume returns to pre-holiday levels
Spot volume rebounded sharply in all segments, confirming that the recent reduction in load availability resulted from the Labor Day holiday.
September 21, 2021
Technology
New C.H. Robinson tech gives shippers insight into spot market rates and trends
Since January 2020, load postings are up 176% while postings from trucks looking for loads are down 5% – an imbalance that's driving up rates up.
September 20, 2021
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