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Tag: ftr 2019
Business
Shippers look to avoid a repeat of 2018
Shippers in the past year have tried to put into place structural changes in their operations to avoid being hit like they were in 2018. Read all about this.
September 13, 2019
Business
FTR āoptimisticā about truck orders after paltry 2019
āWe were abnormally high, and now weāre abnormally low,ā 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. āItās not a crash. [Itās] trying to recover to some sort of normal level.ā
September 12, 2019
Business
Despite uncertainty, truckingās āin a holding patternā as economic growth slugs on
Takeaways from economists and trucking analysts at the 2019 FTR Conference: Economic growth has certainly slowed, but thereās 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
Economist: Trucking has a turnover problem, not a driver shortage
Indeed, thereās a large issue of driver turnover, said economist Kristen Monaco. And thereās plenty of anecdotal evidence of carriers struggling to fill seats. But that doesnāt mean thereās a labor shortage, Monaco argues. Whatās largely perceived as a labor shortage is in fact a retention issue, with heavy recruiting efforts by fleets contributing to the persistently high turnover rates.
September 11, 2019
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