Business Management Increased freight, tight capacity to provide trucking tailwinds in 2021 December 14, 2020 BLOOMINGTON, Ind. – Freight growth exceeded expectations in the third quarter, and the picture for 2021 is improving, according to industry forecasters from FTR. Providing a 2021 market outlook last…
Business Management ECONOMIC WATCH: Canadian spot market remains strong in November November 30, 2020 TORONTO, Ont. – The third week of November saw the highest weekly load totals in Canada’s spot market since the start of the pandemic, according to data from Loadlink Technologies.
Business Management ECONOMIC WATCH: Truck tonnage slides in October November 24, 2020 ARLINGTON, Va. – U.S. for-hire truck tonnage dropped 6.3% in October, according to the American Trucking Associations (ATA), and was down 8.7% year-over-year. The sharp drop came after a 5.7%…
Business Management ECONOMIC WATCH: Consumer spending causing ‘unprecedented’ rate increases November 16, 2020 COLUMBUS, Ind. – ACT Research has reported favorable rates and volumes for carriers, as consumers turn their attention to spending on goods rather than services. “The substitution of spending to…
Equipment ECONOMIC WATCH: October third best month ever for trailer orders November 13, 2020 COLUMBUS, Ind. – The industry booked 54,200 trailers in October, according to preliminary data from ACT Research, making it the third best month ever. It displaced September from its one-month…
Business Management ECONOMIC WATCH: Trucking’s recovery surprising October 28, 2020 COLUMBUS, Ind. – Trucking companies are enjoying volume growth and pricing power that ACT Research says would’ve been considered “nearly impossible to achieve” from an April vantage point. In its…
Business Management ECONOMIC WATCH: Shipper conditions worst in two years October 22, 2020 BLOOMINGTON, Ind. – U.S. shippers faced their toughest conditions in two years in August, according to FTR’s latest Shippers Conditions Index (SCI). The index fell into negative territory with a…
Equipment ECONOMIC WATCH: September third best month ever for trailer orders October 22, 2020 COLUMBUS, Ind. – U.S. trailer orders surged to their third highest levels ever in September, according to ACT Research. Orders of 51,208 units were up 82% from August and 174%…
Business Management ECONOMIC WATCH: Truck tonnage rebounds in September October 20, 2020 ARLINGTON, Va. – U.S. for-hire truck tonnage jumped 6.7% in September, but was down 2.7% year-over-year, according to the latest data from the American Trucking Associations (ATA). September’s increase came…
Business Management ECONOMIC WATCH: Trucking conditions were strong in August October 9, 2020 BLOOMINGTON, Ind. – FTR’s Trucking Conditions Index (TCI) jumped to a 8.31 reading in August, reflecting a very favorable rate environment for trucking. August marked the second highest reading since…
Business Management ECONOMIC WATCH: Renewed fleet confidence fueling stronger Class 8 truck demand October 5, 2020 BLOOMINGTON, Ind. – Fleet confidence has returned in the form of strengthening Class 8 truck orders, which surged in September to 32,000 units according to preliminary data from FTR. That’s…
Business Management ECONOMIC WATCH: Canadian spot market loads reach post-pandemic highs September 29, 2020 TORONTO, Ont. – Canada’s spot market load volumes reached their highest levels in the first week of September since before the Covid-19 pandemic struck in March, according to Loadlink data.
Business Management ECONOMIC WATCH: Shippers’ conditions deteriorate as rates swing in carriers’ favor September 24, 2020 BLOOMINGTON, Ind. – Shippers’ conditions deteriorated in July, falling into negative territory for the first time since August 2018, FTR reports. The FTR Shippers Conditions Index (SCI) recorded a -0.36…
Business Management ECONOMIC WATCH: U.S. truck tonnage dives in August September 22, 2020 ARLINGTON, Va. – U.S. for-hire truck tonnage plunged 5.6% in August, following a revised 1.4% decrease in July. “The August softness suggests that freight is very uneven in the trucking…
Equipment ECONOMIC WATCH: Trailer orders surge, but does strength have legs? September 18, 2020 COLUMBUS, Ind. – U.S. net trailer orders totaled 28,319 units, a 49% improvement from July and up 160% year-over-year, ACT Research reports. “Conversations in recent months have indicated a change…
