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Economic trends: Page 3
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
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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
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
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