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Economic trends: Page 9
Economic trends
Volvo sets sights on marketshare highs with new VNL ahead of earlier pre-buy
Recovery in freight rates in the second half of this year should set up the 2025-2026 freight cycle, and a big part of Volvo’s future growth, of course, is its newly revamped VNL on-highway tractor.
February 13, 2024
Economic trends
FTR's February trucking outlook shows slow, steady growth
For-hire trucking operations still high, though falling, and spot rates seem to have bottomed out, FTR experts say.
February 8, 2024
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February 19, 2025
Indicators
January truck orders starts off strong with fleets willing to buy
Class 8 truck orders boost in January as data indicates that over-the-road U.S. truckers are still buying.
February 6, 2024
Business
Political analyst Charlie Cook shares Biden's uphill battle to re-election
In the United States, every presidential election is unique. But that doesn’t mean election trends don’t exist.
February 2, 2024
Economic trends
What to expect with the freight market in 2024
Diving into Motive's Monthly Economic Report to look at how the trucking market closed out 2023 and what it will look like as 2024 rolls on.
February 2, 2024
Indicators
ATA: Truck tonnage in 2023 saw 'worst' year since 2020
ATA's Truck Tonnage Index fell 1.7% in 2023 from the previous year, the first year with an annual decline since 2020. Also: Ruan names new executive VP; Empire Freight Logistics acquired; former U.S. Xpress exec named Sheer Logistics CEO.
January 25, 2024
Pay and benefits
Virtual carrier offers a different kind of minimum revenue guarantee
CloudTrucks recently launched a guaranteed revenue program designed to provide its owner operators under its Virtual Carrier platform with a safety net in a fluctuating freight market.
January 24, 2024
Indicators
Truck, trailer orders indicate slowest December since before pandemic began
Trailer orders sees nominal improvement from November to December, according to ACT Research.
January 23, 2024
Economic trends
Fleet representatives give insight into state of heavy-duty business
Fleets planning purchases carefully, pushing back on prices, representatives from three very different organizations tell Molly MacKay Zacker from MacKay & Company.
January 23, 2024
Economic trends
Mack's Randall says 2024 truck sales could exceed expectations
The strength of 2023 truck sales could make 2024 a better year than initially expected, Mack Trucks’ President Jonathan Randall told suppliers Monday at Heavy Duty Aftermarket Dialogue, presented by MEMA and MacKay & Company, in Grapevine, Texas.
January 22, 2024
Economic trends
Heavy truck production rates likely to drop near-term
The convergence of continued strong build rates, a fading U.S. tractor sales trend, and early in the year sales seasonality risk a Class 8 inventory surge early this year.
January 15, 2024
Economic trends
A stagnant freight environment is expected to continue throughout 2024
FTR Transportation Intelligence's outlook for the freight market in 2024 is stable with “very incremental improvement."
January 3, 2024
Indicators
Trailer orders falling as carrier concerns mount
Trailer build rates reached their lowest point since last year, but a drop in production after October is normal.
December 28, 2023
Economic trends
Trucking bankruptcies expected to continue in the foreseeable future
Industry bankruptcy experts say financial distress at the hands of multiple factors has caused an uptick in bankruptcy cases among trucking and logistics companies of all sizes.
December 27, 2023
Economic trends
Truck tonnage fell in November
ATA's Truck Tonnage Index saw a 1% decrease in November from October. Also: FTR reported its Trucking Conditions Index improved in October from September due to falling fuel prices; fleet collects, delivers Toys for Tots.
December 21, 2023
Pay and benefits
New year brings new per diem pay option at CCJ Top 250 carrier
GP Transco has begun enrollment for the new pay option for drivers that will roll out in January 2024 as a means to keep more money in drivers' pockets as cost of living increases has many looking for per diem in other places.
December 18, 2023
Economic trends
Truck orders reach heights not seen in 13 months
A slight year-over-year increase in orders in November shows a market that is still performing at a high level historically.
December 11, 2023
Indicators
Shippers' conditions flipped positive in September
Improving diesel prices helped flip FTR's Shippers Conditions Index from negative to positive for September. Also: I-94 enforcement blitz ongoing in Michigan; new compliance service from J.J. Keller; FedEx delivering Christmas trees to military families.
November 29, 2023
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NMFTA warns of Chinese components in trucking technology
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