Economy
U.S. freight market will continue to improve: FTR
BLOOMINGTON, IN - FTR remains confident in this year's freight market, despite a March drop in its Trucking Conditions Index (TCI) that measures freight volumes, rates, capacity, fleet bankruptcies, fuel prices and financing. Spot rates are improving, and that indicates a market-wide move to tighter capacity, the analysts add.
Commercial vehicle registrations down: IHS Markit
SOUTHFIELD, MI - Canada had 16,495 new Class 3-8 commercial vehicle registrations in the first quarter of this year, down 4% from the same quarter in 2016, according to IHS Markit's Quarterly Commercial Vehicle Report. The largest levels for a first quarter were reported in 2012, when there were 17,476 such registrations, and in the last five years the first quarters have been within 1,500 units of that peak, the analysts say. Canada now has 1.355 million Class 3-8 registered vehicles, 40% of which are Class 8 models and 32% are Class 3.
Slow U.S. truckload business dampens TFI results
MONTREAL, QC - TFI International remains "cautiously optimistic" about the North American economy because of low unemployment, healthy consumer spending, and a bit of a rebound in energy-related investments, says Alain Bedard, chairman, president and Chief Executive Officer. The company just doesn't expect any significant improvement before the end of the year.
U.S. rates steady despite volume increases: DAT
BEAVERTON, OR - While U.S. truck volumes increased in many van lanes last week, rates are holding steady because of available capacity, DAT RateView reports in its latest findings. Combined with lower fuel surcharges, van and reefer rates actually dipped a penny a mile. Average flatbed rates rose a mere cent on their own.