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Economic trends: Page 9
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
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January 13, 2026
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
Business
Surge of cargo theft is 'hitting us like lightning,' experts say
The rise of cargo theft has become a significant issue for the logistics industry, with the scale and scope skyrocketing at an alarming level.
May 17, 2024
Business
Fleets’ earnings reveal market keeps getting weaker
The bleak freight market continues to take its toll on carriers, with fleets noting soft rates, low volumes, overcapacity and extreme weather.
May 15, 2024
Business
Growth in freight market hasn’t turned a corner, FTR analysts say
While analysts aren’t seeing growth on rates and loads, they also aren’t seeing major declines.
May 10, 2024
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Technology
Court halts NYSTA surcharge on commercial trucking toll management service providers
The court's rulings pause the implementation of the surcharge and allow Bestpass by Fleetworthy and PrePass to continue their participation in NYSTA’s existing Standard Commercial Charge Account program while the court reviews legal and procedural issues related to the authority's newly established program.
Business
Abilene Motor Express folding into Swift Transportation
Business
Quantix partnering with liquid bulk haulers MC Tank Lines, Leahy Transport
Mergers & Acquisitions
Koch doubles its nationwide square footage with SOS acquisition
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