Business Management Economic Trucking Trends: ‘This downcycle has been the worst one’ March 1, 2024 There’s no short-term fix coming to the freight markets, with van and reefer spot market rates continuing to fall while flatbed demand improves. ACT Research brought together industry leaders for…
Business Management Economic Trucking Trends: Trailer orders plummet as truck tonnage snaps ‘back to reality’ February 23, 2024 A recovery in the freight markets may have experienced a hiccup according to the latest data to come across our Inboxes. U.S. for-hire truck tonnage fell sharply in January, throwing…
Business Management Economic Trucking Trends: Class 8 orders rise to start year, spot rates settle February 9, 2024 Truckers continue to order new iron at a healthy pace to begin the year, with preliminary orders up 35-45% year over year and marginally compared to December 2023 volumes. And…
Business Management Economic Trucking Trends: Spot rates pull back as severe winter weather fades February 2, 2024 It was a quiet week for trucking economic news, with spot market rates pulling back due to milder weather, shippers continuing to enjoy falling diesel prices, and used truck prices…
Business Management Canada’s heavy-duty aftermarket grew in 2023, but headwinds remain January 23, 2024 The total value of Canada’s heavy-duty parts aftermarket, including Classes 6-8 trucks, trailers, and container chassis, increased 3.2% last year to CDN$5.87 billion. And MacKay & Company anticipates it will…
Business Management Economic Trucking Trends: Spot market rates, freight fundamentals improving January 19, 2024 We begin 2024 with mostly good news. While December marked a softening of Canadian spot market freight volumes, in the U.S. spot market rates are rising and closing the gap…
Business Management Economic Trucking Trends: Slowing Class 8 sales could cause OEs to curtail production January 12, 2024 The first half of January 2024 is nearly in the books, and with it comes news that shippers are loving life thanks to lower fuel costs and other improving metrics…
Business Management ‘Stagnant’ trucking market expected in 2024: FTR January 11, 2024 Steady consumer spending habits and falling diesel prices could prolong a capacity surplus affecting the trucking industry well into 2024. Speaking during a State of Freight webinar by FTR, Avery…
Business Management Economic Trucking Trends: Less Class 8 demand, lower used truck prices and stronger rates January 5, 2024 As we close the books on 2023, we see Class 8 orders weaken but close out a strong year with healthy demand and a historically strong run rate. Used truck…
Business Management Economic Trucking Trends: More ‘rough sledding’ ahead, trailer orders plunge December 22, 2023 It looks like the trucking industry will end 2023 on a soft note, according to the latest data we’ve come across. U.S. for-hire truck tonnage slipped in November, trailer orders…
Business Management Economic Trucking Trends: Spot market improved in November, but remains ‘flush’ with capacity December 15, 2023 Good news this week from Loadlink Technologies, which has noted a continuing improvement in Canadian spot market load postings and a corresponding tightening of capacity. Motive tracks truck visits to…
Business Management Economic Trucking Trends: Class 8 orders remain strong, dry van rates lead spot market gains December 11, 2023 The latest Class 8 orders suggest fleets are still confidently placing orders despite weak freight conditions and overcapacity in the market, with ACT Research characterizing the truck market as “solid,…
Business Management Economic Trucking Trends: Shippers benefit from lower fuel prices, van rates get a bump December 1, 2023 There’s good news for shippers this week, thanks to decreasing fuel prices. Dry van rates on the U.S. spot market also received a much-needed boost while reefer rates fell. All…
Business Management Economic Trucking Trends: Tonnage and trucking conditions improve, but spot market flat November 27, 2023 Welcome to a special Monday edition of Economic Trucking Trends, as I, like many of you, chose to park it over the U.S. Thanksgiving holiday. But the economic news didn’t…
Business Management Economic Trucking Trends: Reefer rates improve on spot market, October trailer orders rise November 17, 2023 What are truck and trailer orders telling us about overall freight conditions? ACT Research has noted a few trends: vocational demand is driving Class 8 orders, and trailer demand has…