Economic trends: Page 3

Trucking in 2023: Recession uncertain, driver shortage shows balance
A recent CCJ webinar, sponsored by Bestpass, discussed the market forces, business conditions and supply chain issues that will impact carrier operations in 2023.
November 11, 2022
CCJ webinar participants
Truck orders continue to reflect fleets' thirst for newer trucks
Pent-up replacement demand remains in the market thanks to a complicated new truck production cycle that has limited many fleets from replacing aged equipment for the past two years.
November 4, 2022
Kenworth truck assembly line
Diesel fuel supply 'vulnerably stable,' widespread shortage unlikely
The Energy Information Administration announced last week that distillate levels are at their lowest point since 2008, but that was coming out of peak demand, and we're currently headed into increased demand.
November 1, 2022
trucks at a fuel island
What does 2023 hold for trucking?
How will the economy, mid-term elections and the truck market impact your business in 2023?
October 31, 2022
2023 speedometer
Shippers Conditions improved in August with favorable freight conditions
FTR said that while demand, capacity, utilization, and freight rates were mildly favorable for shippers in August, the biggest factor boosting the shipper environment was falling diesel prices. Also: Kenworth T680 set to haul U.S. Capitol Christmas Tree.
October 31, 2022
FTR Shippers Conditions Index August 2022
U.S. economy going into a recession 'early next year'
Experts agree the likelihood of a recession early next year is high but they expect it to be short and mild, and underlying indicators suggest it might not be that bad for trucking.
October 27, 2022
Pictured are Andrew Boyle, co-president of Boyle Transportation and American Trucking Associations Vice Chairman; Bob Costello American Trucking Associations chief economist and senior vice president; and MUFG Securities Americas Managing Director, Global Head of Investment Banking Capital Markets Strategy, Tom Joyce.
FTR's Trucking Conditions returned to nearly neutral in August
Falling diesel prices in August helped conditions for carriers improve slightly, with conditions held back by financing costs. Also: Paccar recalls 76,000 trucks over freezing digital dash display.
October 25, 2022
FTR Trucking Conditions Index August 2022
Truck freight bounced back slightly in 2021 from 2020
Trucks moved 10.93 billion tons of freight in 2021, up from 10.23 billion tons the previous year. Also: Truck tonnage up a half-percent in September over August; U.S. Bank reports freight volumes slid in third quarter.
October 20, 2022
ATA Truck Tonnage Index September 2022
FTR's Eric Starks offers positive outlook for trailer sector at NTDA Convention
Business might not feel as great today as it did 12 months ago, but that doesn’t mean a recession is underway. And even one does arrive in 2023, Starks said FTR data indicates the trailer market should still be healthy in the months and years to come.
October 13, 2022
FTR Chairman and CEO Eric Starks
Trucking employment numbers take a dive, per BLS
The Bureau of Labor Statistics' monthly Jobs Report showed trucking lost more than 11,000 jobs last month. Also: Averitt recognized for sustainability efforts; FMCSA denies request for pulsating brake light exemption for all trucks.
October 10, 2022
trucks on highway
September truck orders 'sensational,' record-breaking
The strength in orders reflects OEMs having fully opened their order boards for 2023 a bit earlier than normal.
October 5, 2022
Kenworth assembly line
Unlike prior storms Hurricane Ian delivers 'more regional impact' on loads and rates
Preexisting market conditions help turn Category 4 Hurricane Ian into more of a regional event as national freight averages remain 'virtually unchanged.'
October 4, 2022
Coast Guard Port of Jacksonville Hurricane Ian
Double-brokering scams that can result in theft of more than just money
Amid alerts to an active ring in Southern California targeting cargo for theft through various "strategic" means, a well-known theft investigator laid out three double-brokering and/or ID-theft scenarios that increasingly result in physical load theft.
October 4, 2022
trailer parked at a warehouse dock
Freight disruption likely for Florida coast as HOS waivers issued ahead of hurricane landfall
Inbound volumes are likely to pick up immediately in the Tampa Bay area after Hurricane Ian moves in, with outbound lagging 'a week or two.'
September 27, 2022
The National Weather Service forecasts Hurricane Ian to be a major hurricane in the eastern Gulf of Mexico during the middle of this week.
Conditions for carriers improved in July
FTR reports trucking conditions remained negative despite gains from June. Also: Freight volumes were flat in August while utilization was down; TLSS has acquired New Jersey-based Freight Connections.
September 23, 2022
FTR Trucking Conditions Index July 2022
Truck tonnage rebounds in August after dip in July
ATA's For-Hire Truck Tonnage Index rose 2.8% in August after decreasing 1.5% in July. Also: FMCSA to study how drivers engage with autonomous trucks; Volvo to begin customer testing of hydrogen fuel-cell trucks in Europe in 2025.
September 22, 2022
ATA August 2022 Truck Tonnage Index
Replacement demand likely to drive truck orders despite economic headwinds
Despite economic volatility and sagging rates, fleets want more trucks.
September 21, 2022
Mack assembly line
Rail strike impact on road freight would be 'quick,' 'immediate'
The last two rail work-stoppages, 30 years ago, combined to last for three days before Congressional action ended them both.
September 14, 2022
Semi tanker truck
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Top Stories
Women in Trucking member Angelika Mangino is the group's Member of the Month for April. Though more women are entering the filed, a WIT survey showed that safety remains a top concern among female drivers.
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Female trucker surveys divide proponents on pay and cab design
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