Business Management Quebec leads Canada’s spot market growth in third quarter September 16, 2021 Quebec has been the strongest performer in Canada’s spot market in the third quarter, according to August data from Loadlink Technologies. Both Ontario and Western Canada saw a large jump…
Equipment Trailer orders bounce back due to “tremendous” pent-up demand September 14, 2021 Trailer orders bounced back to 15,100 units in August, as some manufacturers opened up 2022 order boards, according to preliminary data from FTR. Orders surged 79% from July but remained…
Business Management Truck orders surge as OEMs open 2022 order boards September 3, 2021 Class 8 truck orders came in at 39,400 units in August, according to preliminary data from FTR, which was a 51% spike from July and up 91% year-over-year. FTR attributes…
Business Management Lack of capacity keeping lid on truck tonnage: ATA August 24, 2021 U.S. for-hire truck tonnage slid 1.2% in July, according to the American Trucking Associations (ATA). This comes on the heels of a 2% pullback in June. “Softness in tonnage over…
Business Management ‘Recipe right for record rate increases’: ACT Research August 20, 2021 ACT Research’s For-Hire Trucking Index in July showed an uptick in freight volumes with pricing moderate, but a strong supply-demand balance for truckers. “As volume growth reaccelerated, ACT’s For-Hire Pricing…
Business Management ‘Rate increases are nearly a given,’ says bullish Mullen Group CEO July 23, 2021 “You can’t put more freight on our dock,” Murray Mullen, CEO of Mullen Group told analysts this week on a call to discuss second quarter earnings. He was calling in…
Business Management Trucking market leveling off at high level: ACT July 23, 2021 ACT Research says in its Transportation Digest that the trucking industry is stabilizing at high levels, and despite slowing growth won’t fall off a cliff. “Indicators we track for the…
Business Management U.S. economy, freight markets have room to run: ACT July 14, 2021 There is considerable steam left in the boiler that will continue to propel the economy broadly, and freight markets specifically. That’s the message industry forecaster ACT Research gave in its…
Business Management Truckers, OEMs struggling to keep pace with demand: FTR July 8, 2021 Freight demand is outpacing the trucking industry’s ability to attract drivers and acquire new equipment, which bodes well for rates going forward. Industry forecaster FTR gave a market update July…
Equipment June Class 8 orders jump 11% July 5, 2021 Class 8 truck orders jumped 11% in June, to 25,700 units, according to preliminary data from ACT Research. They were up 61% year-over-year, compared to the Covid-impacted intake in 2020.
Business Management Shippers’ conditions bounced in April from record lows June 23, 2021 U.S. shippers saw conditions improve in April from the worst conditions on record, according to FTR’s Shippers Conditions Index (SCI). The April reading of -11.9 was still heavily into negative…
Business Management Canada’s spot market freight levels remain strong June 16, 2021 Canada’s spot market showed continued strength in May, a month that included the strongest single-day load volumes since April 2018. Loadlink Technologies reported stabilized domestic loads in May, while cross-border…
Equipment Trailer orders drop, reflecting lengthy backlogs June 14, 2021 Trailer orders fell 39% to 8,800 units in May, according to preliminary data from ACT Research, reflecting lengthy backlogs extending into next year. “The sequential decline in net orders was…
Business Management Another month, another record for trucking conditions: FTR June 9, 2021 FTR’s Trucking Conditions Index (TCI) reached a record high of 16.82 in April, surpassing the previous high in March. The index got a boost from lower diesel prices in April.
Equipment Class 8 orders slow as 2021 build slots fill June 4, 2021 Class 8 orders cooled in May, reflecting the filling of build slots this year and OEMs’ reticence to begin taking orders for 2022. FTR reports preliminary figures of 23,600 Class…
