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Economic trends: Page 6
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
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June 11, 2025
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
Indicators
Used truck sales beats expectations with increase in May
An improvement in freight demand, which looks possible in the third quarter, would support price stability and possible price improvement.
June 17, 2024
Economic trends
Trucking conditions trending up for carriers
FTR's Trucking Conditions Index saw a significant improvement in April, yet still remains in negative territory. Also: FMCSA has finalized an increase to the 2025 Unified Carrier Registration Plan and Agreement fees.
June 17, 2024
Economic trends
FTR: Slow, steady stability in store
“Stability is important because you can plan your costs better, and we have been in a very stable spot rate environment.”
June 13, 2024
Indicators
Pre-buy and demand for equipment in Mexico likely influenced Class 8 truck orders bump in May
Preliminary Class 8 truck orders were above recent demand trends, according to ACT and FTR.
June 6, 2024
Indicators
Private fleet expansion keeping for-hire recovery suppressed
Overcapacity in the carrier market played a significant role in prolonged downturn in freight industry.
June 5, 2024
Economic trends
Study highlights cost of underutilized truckload space and inefficiencies in LTL shipping
One out of every four truckloads last year were moving completely empty, posing a major economic and environmental issue.
May 30, 2024
Economic trends
Survey shows owner-operators and small fleets optimistic about demand
Carriers in the truckload spot market has improved in the first quarter of the year, but some concerns remain.
May 28, 2024
Business
With a potential increase of cargo theft amid Memorial Day, experts offer mitigation insights
Keeping in mind the basics and being aware of technological advances can help fleets alleviate the potential of cargo theft.
May 24, 2024
Economic trends
Truck tonnage continued to fall in April
ATA reported the 14th straight year-over-year decline in freight hauled by trucks. Also: Covenant looks to allow pre-CDL drivers to operate after passing skills test; Estes opens another former Yellow terminal.
May 23, 2024
Business
Trailer orders indicates a 'year of transition,' forecast affected by overcapacity
EPA’s 2027 regulations, US and Mexico presidential elections, and interest rates are factors to watch closely that could impact market activity.
May 18, 2024
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