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Economic trends: Page 22
Economic trends
Trailer orders slide but demand remains strong
With backlogs extended, the next available production slots for dry vans and reefers are early next year.
June 2, 2021
Economic trends
Supply constraints on 2021’s production potential
ACT Research reports the positive data at the macro level obscures an “uncomfortable truth.”
May 28, 2021
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Freight demand
Traffic costs trucking billions of dollars annually
The cost of congestion on the Interstate Highway System grew 25% from 2017-2019.
May 27, 2021
Companies
Colonial Pipeline says it's 'fully operational'
Yesterday, Colonial Pipeline restored service to its shippers processing system following the intermittent disruptions the company says were unrelated to a recent cyberattack.
May 19, 2021
Recruiting & retention
2021 outlook strong amid driver shortage, inflation concerns
Record job openings aren't reeling in job candidates, and states ending federal unemployment benefits may not get fleets drivers.
May 16, 2021
Indicators
Analyst says "This is perhaps the strongest freight market ever for carriers."
Freight volume, rates and capacity utilization all drove a record-setting month, despite poor fuel conditions.
May 13, 2021
Economic trends
Shippers Conditions hit low point of pandemic in February, FTR reports
The weakened shipping conditions in February were severely impacted by tight capacity and high rates, FTR said. Also: Mack and Volvo are opening a new EV-focused training hub in California.
April 22, 2021
Economic trends
'Pressure' building in the trailer market
There have been reports of shortages of flatbed trailers in some regions as industrial and housing sectors improve.
April 15, 2021
Economic trends
Trucking's not been this good since October 2020
FTR's near-term outlook for trucking is strong with the TCI expected to deliver double-digit positive readings through the quarter and to remain in positive territory through 2022.
April 13, 2021
Economic trends
Truck orders unaffected by assembly slowdowns
Many OEMs are already struggling to keep up with demand as a global shortage of semiconductors and supply limitations of various other components have crimped production plans for Volvo, Mack, Kenworth and Peterbilt.
April 6, 2021
Economic trends
Driver turnover rate holding steady, truck parking push renewed in D.C.
The turnover rate at less-than-truckload carriers dipped two percentage points in the fourth quarter to 12% on an annualized basis.
March 30, 2021
Economic trends
Fleets filing 2021 orders in pursuit of 'robust' freight market
Fleets have placed large truck and trailer orders in response to a robust freight demand and OEMs are under pressure to fill these orders due to bottlenecks in the supply chain.
March 13, 2021
Economic trends
Fleets standing in line for new trucks as freight rates climb
February 2021 was the second-highest total ever for the month of February and orders for the previous 12 months now total 338,000 units.
March 3, 2021
Technology
Digital tools help carriers manage contract freight bids
All parties stand to benefit from a more intelligent and efficient process to manage bids for freight contracts.
February 25, 2021
Finance
Truck replacement, investment strategies will rise in 202
As the tumultuous economy of 2021 makes its way through the first quarter, businesses are encountering sporadic patterns of equipment investment demand depending on which market sectors they serve.
February 23, 2021
Economic trends
Carrier failures mounted in '20, but so did new entrant carriers
Lack of load availability last spring -- and the cheap rates on the loads that were available -- were the prime contributing factor in the spike in carrier failures last year. But a hot spot market also drew a surge in new entrant motor carriers.
February 16, 2021
Economic trends
Fleets locking in trailer build slots on 2021 optimism
The challenge currently facing trailer OEMs in the near-term is a raw material and component shortage.
February 11, 2021
Economic trends
Truck orders exceed 40K units for fourth consecutive month
Freight growth has pushed fleets to add capacity as fast as possible and OEMs and suppliers are wrestling to keep pace with surging demand.
February 2, 2021
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