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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
Court Gavel
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
Freight-intensive capital expenditures are expected to continue driving strong freight demand for the next few quarters, according to ACT Research.
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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
FTR's Trucking Conditions Index continued to improve in April, surpassing the previous record high set in March.
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
Line of semi trucks
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
Reefer trailers at a dock
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
A line of trucks with their hoods open.
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
trucks sitting in traffic
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
Colonial’s role in the fuel delivery supply chain is outlined in the infographic.
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
Ccj drivercabtruck 2019 10 07 15 59 E1570481997841
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
Supply side constraints will keep the truckload market very tight in the near-term.
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
FTR's Shippers Conditions Index fell to its lowest point of the pandemic in February after steady declines since last May.
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
semi truck with back loading doors open
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
Strong capacity utilization and freight rates along with stable freight volume have offset surging diesel fuel prices.
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
Mack lehigh valley operations
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
Studies show that 98% of drivers report problems finding safe truck parking, and the average driver spends 56 minutes of available drive time every day looking for parking.
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
Shutterstock 553790416
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
Mack truck
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
woman working desk with two monitors looking at data
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Top Stories
Electronic Toll
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.
Abilene will continue operating through Tuesday, January 27, the company said, maintaining its commitment to safe, reliable, and professional service as resources transition to Swift.
Business
Abilene Motor Express folding into Swift Transportation
Partnerships with MC Tank Lines and Leahy Transport brings the Quantix network to more than 70 locations.
Business
Quantix partnering with liquid bulk haulers MC Tank Lines, Leahy Transport
Koch said their Strategic acquisition of SOS to accelerates growth, expands reach, and bolsters geographic and industry-specific offerings for Koch Logistics & Warehousing.
Mergers & Acquisitions
Koch doubles its nationwide square footage with SOS acquisition
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