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Economic trends: Page 24
Business
More guilty pleas announced in New Orleans staged-accident fraud scheme
Two more guilty pleas in staged-accident fraud scheme that netted $707,500. Also: ACT Research report on soaring freight rate expansion; FMCSA boss visits transportation leaders in NY/NJ; more.
June 18, 2021
Freight demand
Capital expenditures driving freight demand, analyst says
Higher than normal capital expenditures from manufacturers as the economy continues to recover from the pandemic will continue to drive freight demand for the next few quarters, but expect a shift in the coming months, according to ACT Research.
June 14, 2021
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January 4, 2026
Indicators
FTR: Trucking conditions continued record-setting pace in April
Following a record-setting month in March, FTR’s Trucking Conditions Index (TCI) for April hit another record-high of 16.82, surpassing March’s record of 16.27. Also: NTTC announces new leadership; comments sought for pulsating lights request.
June 14, 2021
Economic trends
Truck orders slide as OEMs run out of build slots
The drop-off in May does not represent a weakening of demand, as freight growth continues to be robust and spot rates hit all-time highs.
June 3, 2021
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
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
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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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