Business Management Economic Trucking Trends: Market coming into balance, truck orders remain strong March 8, 2024 Capacity continues to exit the market, leading ACT Research to conclude the market is coming into balance. But spot market rates continue to be mostly flat, with refrigerated carriers seeing…
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: Signs of freight market stabilization emerge in January February 16, 2024 With data in from the first month of the year, it appears signs of market stabilization are emerging. The boost in spot market freight volumes and rates is largely attributable…
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 Economic Trucking Trends: More signs of an improving market for truckers January 26, 2024 The latest data reflects improving conditions for truckers, an uptick in for-hire truck tonnage to end the year, and a jump in spot market prices. Lower diesel prices are bringing…
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: 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: 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…
Transportation Truckers concerned about economic conditions: Survey October 24, 2023 Canadian owner-operators and fleet managers appear to be decidedly pessimistic about trucking conditions for the year to come, largely because of concerns about the general economy. Those responding last week…
Business Management Economic Trucking Trends: Fleets jump at chance to place ’24 truck orders October 6, 2023 Truck makers saw a surge in Class 8 orders as they fully opened 2024 order books last month — something industry analysts anticipated but nonetheless were encouraged to see. The…
Business Management Economic Trucking Trends: Lots to digest in busy week for economic news in trucking September 22, 2023 It’s been a busy week on the economic front, with mixed signals for the trucking industry. We saw signs that for-hire tonnage has bottomed out, fleets are being disciplined in…
Business Management Economic Trucking Trends: Continued weakness ahead, but spot market rates continue to improve September 8, 2023 Speakers at an industry outlook conference cautioned that trucking conditions are likely to remain challenging into next year, but there are signs U.S. spot market rates are gaining some strength.