Keyword
Economy
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ECONOMIC WATCH: Shippers continue to see favorable conditions
BLOOMINGTON, Ind. – Conditions for U.S. shippers improved in November, with the FTR Shippers Conditions Index reading a positive 7.0 on the heels of three straight months at 6.4. All index inputs were stronger for shippers, except for freight volumes,…
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ECONOMIC WATCH: Risk of U.S. recession has ‘largely faded,’ ACT reports
COLUMBUS, Ind. – In its latest State of the Industry: NA Classes 5-8 Report, ACT Research predicted the U.S. economy will grow by 1.8% in 2020. “The risk of an economy-wide recession that was a growing concern through Q3 2019…
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ECONOMIC WATCH: Trucking conditions remain ‘slightly negative’
BLOOMINGTON, Ind. – Trucking conditions remained in slightly negative territory in November, according to FTR’s latest Trucking Conditions Index (TCI). The index read -1.58, primarily due to weaker spot market rates, FTR reported. The industry forecaster is calling for the…
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ECONOMIC WATCH: Class 8 orders rebounded in December
COLUMBUS, Ind. – Preliminary Class 8 truck orders reported by ACT Research totaled 20,000 units in December, up 14% from November and down just 6.5% year-over-year. “Overbuying through 2019 and insufficient freight to absorb the ensuing capacity overhang continued to…
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No sugar-coating November truck tonnage: ATA
ARLINGTON, Va. – U.S. for-hire truck tonnage dropped 3.5% in November, according to the latest data from the American Trucking Associations (ATA). “It’s tough to sugar-coat November’s reading,” said ATA chief economist Bob Costello. “It was the third decrease in…
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Consumers driving U.S. economy, as business investment stalls: FTR
BLOOMINGTON, Ind. – Business investment has dried up due to uncertainty over trade tensions, but consumer spending remains strong and has kept the U.S. economy moving forward. Consumer spending is the most critical component of the economy, since it drives…
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Trade war, consumer confidence to impact truck demand
COLUMBUS, Ind. – The main risk facing the North American commercial vehicle market and the economy is the trade war with China, while the consumer remains the key driver of the economy. That’s from ACT Research and its North American…
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Slow growth, but no recession ahead: Economist
Trucking sees softening conditions, but no “drop-off” in volumes, Surface Transportation Summit attendees hear
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Trade war biggest threat to commercial vehicle market: ACT
COLUMBUS, Ind. – A trade war with China remains the key risk to the North American commercial vehicle outlook and the overall economy, according to a new report from ACT Research. But consumer spending remains strong and could keep the…
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Trucking conditions moved positive in July
BLOOMINGTON, Ind. – Trucking conditions in the U.S. improved slightly in July, with a reading just above neutral at 0.28. Lower diesel prices offset the effects of lower capacity utilization, pushing the index into positive territory for the first time…
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The new normal: Slow, steady growth
INDIANAPOLIS, Ind. – There’s little sign a recession is imminent, but economic growth will continue to be slow and steady. That was the projection from Jack Kleinhenz, chief economist with Kleinhenz & Associates, who gave an economic update at the…
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Trucking conditions improved slightly in June: FTR
BLOOMINGTON, Ind. – Trucking conditions improved slightly in June, but remain in negative territory, according to the latest FTR Trucking Conditions Index (TCI). A reading of -0.82 came from strengthening freight demand and lower diesel prices, but was offset by…
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Shipper conditions deteriorated in April
BLOOMINGTON, Ind. – Conditions for U.S. shippers took a step back in April, due to stronger rail rates and higher fuel prices, according to FTR’s Shippers Conditions Index. However, FTR expects the rate environment through 2019 to become more favorable…
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Loadings growth slowing, rates on the decline: FTR
BLOOMINGTON, Ind. – Trucking rates are expected to decrease about 7% this year, primarily driven by the spot market, with contract rates flat to down 1%. That’s the projection from industry forecaster FTR, which held a State of Freight webinar…
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Trailer order cancellations on the rise
COLUMBUS, Ind. – Trailer orders are down 37% year to date through April, but fleets are still willing to place orders, ACT Research reports. “Year-to-date net orders through April were just over 80,000 units, down 37% from last year, but…
