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Economic trends: Page 27
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
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January 4, 2026
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
Business
Diesel’s downward pitch continues for another week
The nation’s average price for a gallon of on-highway diesel is now $2.976, the lowest since early February. Diesel prices have declined in 15 of the previous 17 weeks, falling from a 2019 high of $3.171 during the week of May 6.
September 4, 2019
Business
Diesel prices fall by a penny
The U.S.’ average price for a gallon of on-highway diesel is now $2.983. Fuel prices have dropped for seven consecutive weeks, but have only fallen by six cents during that period. The nation’s fuel prices are approaching the 2019 low of $2.965 set back during the weeks ending Jan. 21 and Jan. 28.
August 27, 2019
Business
Market conditions swing further in favor of shippers as rates weaken
Market conditions for shippers moved further into positive territory in June, according to FTR’s latest Shippers Conditions Index. June’s reading was the strongest since February 2016.
August 23, 2019
Business
Indicators: Truck tonnage soared in July
“Tonnage in 2019 has been on a rollercoaster ride, plagued with large monthly swings, which continued in July as tonnage surged after falling significantly in May and June,” said ATA Chief Economist Bob Costello.
August 21, 2019
Business
Diesel prices continue sauntering downward
During the week ending Aug. 19, fuel prices fell by 1.7 cents to a national average of $2.994 per gallon. The last time diesel was cheaper than $3 was the week ending Feb. 11.
August 20, 2019
Business
Indicators: ‘Trucking Conditions’ improved but remained negative in June
FTR says strengthening freight demand and lower diesel prices were offset by weak truckload rates and easing capacity utilization, in addition to some higher financing costs that negatively affected carriers in June.
August 14, 2019
Business
Diesel prices creep downward
The U.S.’ average price for a gallon of on-highway diesel is now $3.011, the lowest since mid-February. Since the beginning of 2019, fuel prices have only fluctuated by about a quarter, and prices are now flat compared to the start of the year.
August 13, 2019
Business
New diesel regs for maritime shippers could impact U.S. truck freight, diesel prices
Though the tighter regulations for maritime shippers likely will put upward pressure on diesel prices, the bigger impact for the U.S. trucking industry could be their impact on geographic freight patterns.
August 9, 2019
Business
Indicators: Trucking employment rally continues, freight movement ‘weak’ but growing
Compared to 2018 and 2019, the goods transportation sector’s growth has slowed dramatically, and overall GDP growth well outpaced the economy’s goods transportation components, says FTR. In other indicators news, employment gains continued in the trucking industry, eclipsing 75,000 additional jobs since early 2017.
August 6, 2019
Business
Diesel prices flat across U.S.
The U.S.’ average price for a gallon of on-highway diesel is now $3.032, the lowest national average since mid-February.
August 6, 2019
Business
Indicators: Shippers Conditions sharply improve, spot rates flat, trucking revenues soared in ’18
Shippers conditions are often an inverse of conditions for carriers, meaning May’s Trucking Conditions Index, likely to be released soon, will indicate deterioration in conditions for carriers. Also: Per-mile rates on the spot market were mostly flat in July, and trucking revenues in 2018 jumped to nearly $800 billion.
August 2, 2019
Business
Fuel prices hit lowest national average since February
During the most recent week, prices fell in all regions except California, which stayed mostly flat, increasing by just one-tenth of a cent. More here on CCJ.
July 30, 2019
Business
Tonnage slipped again in June, still up year over year
Tonnage in June fell 1.1 percent from May, However, for the 26th consecutive month, tonnage was up year over year. Click here for more information on CCJ.
July 24, 2019
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