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Economic trends: Page 6
Economic trends
Truck market remains weaker than 2023, but increased last month
Fleets continue to invest in new equipment, though at a more modest rate.
September 6, 2024
Economic trends
Carriers should prepare for a potential market turn in 2025, analysts say
A continuation of relatively poor trucking conditions and a subdued spot market should lead to a continuation of driver exits and increased vulnerability to disruption as 2025 progresses.
August 28, 2024
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August 1, 2025
Economic trends
Despite 26% monthly gain, July’s trailer orders were fourth lowest in four years
The challenging truck freight environment continues to subdue trailer demand, according to analysts.
August 26, 2024
Indicators
Truck tonnage saw slight gains in July
ATA reported a 0.3% increase in its seasonally-adjusted For-Hire Truck Tonnage Index from June to July, which was 0.9% lower than July 2023. Also: ATA names new executive director of its Moving & Storage Conference.
August 21, 2024
Indicators
FTR: Trucking conditions still positive in June
While still positive, conditions declined from May due to higher financing costs and a slowing of diesel price decreases. Also: RK Logistics acquires Arizona-based company; foodservice fleet PFG announces acquisition of Cheney Bros.
August 15, 2024
Economic trends
Stronger freight demand may be around the corner, broker survey says
Consumer spending and interest rates could be the strongest factors to influence market conditions in the coming months.
August 7, 2024
Economic trends
Truck orders decline for second consecutive month, sit just below replacement levels
Year-to-date order levels are just below historical averages and seasonal expectations, with market fundamentals staying relatively stable.
August 5, 2024
Economic trends
M&A midyear outlook: Deals on the horizon vary with risk appetite
Analysts say freight rates, interest rates and the upcoming election could significantly impact M&A activity.
July 31, 2024
Business
How to sell a trucking company: Maximizing buyer interest requires reducing perceived risk, analysts say
Besides ensuring your financial books are in order, it’s important to build trust between buyer and seller.
July 17, 2024
Business
How to buy a trucking company: buyer's strategy makes the difference
Having a buyer’s strategy is critical to enter the market.
July 25, 2024
Economic trends
Trailer orders plummet, but truck pre-buy taking shape
Trailer orders are falling but Class 8 tractor backlogs are thinning and retail sales remain above replacement, "the definition of a prebuy to a tee."
July 22, 2024
Indicators
Trucking conditions turned positive in May
Lower fuel prices and a less negative freight environment helped carriers in May, but FTR cautions it may be an outlier until later in the year. Also: FMCSA denies hours of service waiver request from specialized fleet.
July 19, 2024
Economic trends
FTR sees stable trucking capacity with slow, steady market recovery
"We are unlikely to go lower in terms of volume or rates. We're solid, but not showing any particular strength."
July 11, 2024
Economic trends
Class 8 truck orders fall below '23 level for first time this year
June’s orders are lower than normal market results, following a strong five-month period where orders were averaging 25% higher annually.
July 9, 2024
Economic trends
Fleets should plan for an emissions pre-buy, experts say, and it may be too late for some
According to an industry-wide survey, 36% have a CARB pre-buy procurement plan in place, 64% said they either do not have a plan or are unsure if their organization has a plan.
July 3, 2024
Indicators
Shippers' conditions remain positive, but expected to decline
FTR is forecasting some deterioration soon with its Shippers Conditions Index falling to a more neutral reading. Also: Hight Logistics adding two dozen Volvo VNR Electric trucks; Internationals recalled for tie rod issue.
July 3, 2024
Freight demand
Tanking rates and soaring costs lead per-mile cost to record highs
The per-mile marginal costs of trucking reached a new high in 2023.
June 25, 2024
Indicators
Truck tonnage sees first year-over-year increase in 15 months
ATA's Truck Tonnage Index was up 3.6% in May over April, and up 1.5% over May 2023. Also: Alaska requests renewal of CDL skills test waiver; FMCSA renews under-21 waiver for custom harvesters.
June 19, 2024
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