Keyword
Economy
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Freight growth stagnating: ACT Research
COLUMBUS, Ind. – Freight growth is stagnating while the Class 8 truck population is accelerating, according to an analysis from ACT Research. In its State of the Industry: Classes 5-8 Report, ACT reported Class 8 metrics in March aligned with…
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Pricing pendulum swinging to shippers’ favor: ACT Research
COLUMBUS, Ind. – A freight recession is possible, and a rate recession is likely, according to a new freight forecast report from ACT Research. Its ACT Freight Forecast: U.S. Rate and Volume Outlook found that dry van rates, net of…
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Economic yellow lights flashing, ACT warns
COLUMBUS, Ind. – Yellow lights continue to burn for the U.S. economy and the North American commercial vehicle industry, ACT Research reports. “While the outlook has less of an orange tinge, sufficient caution flags remain to keep the yellow light…
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Backlogs to blame for slowdown in Class 8 orders
COLUMBUS, Ind. – Demand for heavy trucks remains strong despite a slowdown in orders, according to ACT Research. Three drivers include: the fact the freight rate markdown is from record levels; the addition of new technologies that improve fuel economy…
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‘Sectoral recessions’ likely in 2019: ACT Research
COLUMBUS, Ind. – The commercial vehicle market remains strong, but the U.S. economy is expected to decelerate, according to a report from ACT Research. ACT’s Transportation Digest noted Class 8 truck orders enter 2019 with positive momentum from a record-setting…
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ACT Research: Yellow lights are flashing
COLUMBUS, Ind. – ACT Research has reported yellow lights are flashing for the U.S. economy, and by extension, for the North American commercial vehicle industry. “Over the course of Q4 2018, the list of indicators flashing yellow became longer and…
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Freight market returning to ‘normal’: FTR
INDIANAPOLIS, Ind. – The fundamentals driving 2019 freight demand remain “relatively healthy” and should result in a growing, but not explosive, transport sector. That was the assessment of Avery Vise, vice-president of trucking for FTR, who addressed the topic during…
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Fleet growth to outstrip freight growth in 2019: ACT
COLUMBUS, Ind. – ACT Research says the commercial vehicle industry is maintaining its momentum, but could slow in the second half of 2019. The company produced its Transportation Digest, reporting that the Class 8 truck market continued to extend all-time…
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Trucking to grow at slower pace: FTR
COLUMBUS, Ind. – The surge in truck loadings seen in 2017 and into 2018 has begun to subside, and trucking’s growth is expected to slow in 2019, according to Avery Vise, vice-president of trucking for FTR. Speaking during FTR’s State…
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Brace for rougher 2019: Mark Seymour
BRAMPTON, Ont. — “Fasten your seatbelts in 2019, we’re going to be in for maybe a little bit of a rough ride.” That was the sobering warning from Mark Seymour today, who was participating in a panel discussion at the…
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OTA welcomes Ford’s Making Ontario Open for Business Act
TORONTO, Ont. – The Ontario Trucking Association (OTA) is welcoming Ontario Premier Doug Ford’s position on Bill 148, and the Making Ontario Open for Business Act. “The Ontario trucking industry’s hundreds of thousands of workers need a healthy, viable economy…
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U.S. economy should remain strong: FTR
COLUMBUS, Ind. – The U.S. economy is “in a good place” and expected to stay there through 2019. That was the assessment of Bill Witte, senior economist with FTR, who gave an economic update to subscribers during a State of…
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‘Tortoise recovery’ expected to continue
No signs a recession is looming
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Pride Truck Sales opens new locations in Calif.
FONTANA, Calif. – Canadian pre-owned retailer Pride Truck Sales is expanding again. The company announced two new U.S. locations opening in Fontana and Stockton, Calif. this week. Both dealerships are said to offer a wide variety of pre-owned heavy- and…
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Pride Trucks Sales opens U.S. location with more to come
TOLEDO, Ohio – Canadian retailer of pre-owned trucks and trailers, Pride Truck Sales, has expanded again opening a new facility in Toledo, Ohio this week. The Mississauga-based company says the new location came about after customer requests to add a…
