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Economic trends: Page 24
Business
Indicators: ‘Dramatic highs, lows’ for freight activity and rates in January, says DAT
Spot market truckload rates got off to a strong start in January, says DAT in its monthly Truckload Volume Index report. But rates quickly chilled in the middle of the month, with prices for dry van and refrigerated loads dipping from December — despite increased volumes.
February 18, 2020
MarketPulse
CCJ MarketPulse- November 2019
Key findings Carrier sentiment for business conditions in November 2019 was 5.4, down from 5.8 in October. Month-to-month sentiment fell sharply for respondents with up to 100 power units from 6.3 in October to 4.9 in November, while sentiment remained steady at 5.6 for respondents from fleets with more than 100 power units. Month-over-month business […]
January 27, 2020
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Business
Diesel prices remain tame despite rising Mid East tension
The recent spat between the United States and Iran is not expected to impact retail diesel fuel prices in the U.S.
January 22, 2020
Business
Growing renewable and biodiesel market could offset potential rise in diesel prices 2020
With ultra-low sulfur diesel prices projected to rise due to maritime diesel regulations, fleets are turning to alternative fuels like biodiesel. Details here.
January 12, 2020
Business
What’s on deck for diesel in 2020? Stability’s the forecast, with variables lurking
Sean Hill, an industry economist with EIA, says the biggest factor that could impact diesel prices in 2020 is the impending tightening of maritime diesel regulations by the International Maritime Organization (IMO) and the interaction of those impacts with EIA’s crude oil forecast.
December 19, 2019
Business
Indicators: Manufacturing slowdown dials back tonnage, but uptick expected
Truck tonnage, a monthly measure of freight demand issued by the American Trucking Associations, dipped slightly in October from September, though tonnage was up from the same month last year.
November 22, 2019
Business
Indicators: Slow-growth trucking likely to remain through next year
FTR forecasts trucking conditions to remain mostly neutral territory through 2020 and for trucking growth to remain limited through the end of next year.
October 14, 2019
Business
September truck sales break 13 year U.S. record
The record activity was a surprise and even beat the previous record sales by 4% set back in December 2006. Find out more information here on CCJ.
October 9, 2019
Business
Indicators: Trucking sheds payroll jobs for the 3rd straight month
The trucking industry cut its employment figures again in September for the third consecutive month. Get more details on the trucking employment numbers on CCJ.
October 9, 2019
Business
Indicators: Truck tonnage continued seesawing in August
The American Trucking Association index report shows that truck tonnage dipped in August following the jump in July. Learn more on Commercial Carrier Journal.
October 1, 2019
Business
U.S. diesel prices jump over 9 cents in wake of Saudi oil field attack
The national average for a gallon of on-highway diesel fuel jumped 9.4 cents last week, according to the Department of Energy. Read more at Commercial Carrier Journal.
September 24, 2019
Business
Indicators: ‘Trucking Conditions’ improve again, suspended in neutral territory
Market conditions for carriers, measured by FTR’s monthly Trucking Conditions Index, improved slightly in July. Cheaper diesel offset the negative impacts of freight demand and truck supply, pushing the TCI to its first positive reading since January.
September 23, 2019
Business
Attacks on Saudi oil field should have minimal impact on diesel prices
The U.S. will likely see little to no impact on diesel fuel prices following the Saudi Arabia oil field attack. See how prices are expected to react on CCJ.
September 18, 2019
MarketPulse
CCJ MarketPulse- July 2019
Key findings Driver availability remains the top concern for 43% of all survey respondents, just up from a low of 40% in June. Conversely, freight volume (27%) and freight pricing (23%) continue their upward trends as the second- and third-highest concerns. Carrier sentiment for business conditions in July 2019 was 5.78, down slightly from 5.81 […]
September 17, 2019
Business
FTR ‘optimistic’ about truck orders after paltry 2019
“We were abnormally high, and now we’re abnormally low,” said Don Ake, vice president of commercial vehicles for FTR, speaking at the 2019 FTR Transportation Conference on Wednesday. But averaging the two years together, order numbers are still above the seven-year average, he says. “It’s not a crash. [It’s] trying to recover to some sort of normal level.”
September 12, 2019
Business
Despite uncertainty, trucking’s ‘in a holding pattern’ as economic growth slugs on
Takeaways from economists and trucking analysts at the 2019 FTR Conference: Economic growth has certainly slowed, but there’s little risk of a recession. Conditions for trucking, though no longer benefitting from a stark supply/demand imbalance that caused a rates boom in 2017 and 2018, are still strong, despite the market correction.
September 12, 2019
Business
ATA economist: risks of freight recession limited to spot market
Bob Costello, ATA economist, said contract freight rates have held steady but trends in the spot market are making it tough for small fleets to survive.
September 9, 2019
Business
Indicators: Fleets cut jobs, rates stumble in August
August, traditionally a seasonally tough month for trucking, sandwiched between the year’s two peak freight seasons, saw a scaling back of payroll jobs in the for-hire trucking industry and a continued decline in spot market rates.
September 9, 2019
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