Economy

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January 26, 2009

NABE Survey Confirms Worsening Recession

A survey released Monday by the National Association for Business Economics confirmed that the U.S. recession deepened in the fourth quarter of 2008, depicting the worst business conditions since the survey began in 1982

January 14, 2009

Federal Freight Index Lowest in Five Years

The federal government's Freight Transportation Services Index fell 1.4 percent in November from its October level, falling after a one-month rise

January 14, 2009

Truck Repos Down in 2008

There were actually fewer truck repossessions in 2008 than there were in 2007, according to Nassau Asset Management's NasTrac quarterly index, but still many more than 2006

January 8, 2009

Construction Companies Planning Layoffs This Year

An estimated two-thirds of the nation's non-residential construction companies are planning to cut their payrolls, according to new employment and business forecast figures released by the Associated General Contractors of America

January 7, 2009

Stifel, Nicolaus Analysts Look Into Crystal Ball

In their first "think piece" of the new year, the transportation analysts at Stifel, Nicolaus predicted increasing regulations that will constrain capacity increases as we come out of the economic downturn.

January 6, 2009

FTR Associates Releases Preliminary Class 8 Orders for December

FTR Associates has released preliminary data showing December Class 8 total net orders for all major North American OEM's at 8775 units -- the weakest monthly order activity since mid-2002

December 26, 2008

FTR Forecast Reflects Downward Revision

FTR Associates' latest truck market forecast registers yet another downward revision to the near term freight and truck production forecast

December 26, 2008

Tonnage Tonnage Shows Month-to-Month Improvement, But Freight Outlook Still Bleak

The American Trucking Associations' advanced seasonally adjusted For-Hire Truck Tonnage Index increased 1.7 percent in November, marking the first month-to-month improvement since June 2008 -- but in real numbers, freight volumes remain weak

December 11, 2008

Analyst: Lower Oil Prices Should Help Economy Recover

Lower oil prices and an expected government stimulus package should help the economy start growing again during the second half of the year, and that may be a signal for some pent-up truck buying demand to kick in.

December 11, 2008

Freight Transportation Services Index Up Slightly in October

The Freight Transportation Services Index rose 1 percent in October from its September level, rising after two consecutive monthly declines, reported the U.S. Department of Transportation's Bureau of Transportation Statistics

December 1, 2008

Economic Bureau Says U.S. Has Been in Recession for a Year

Dismissing the notion that a recession equals two quarters of declining GDP, a prominent group of economists announced that by their reckoning, the U.S. has been in a recession for nearly a year

November 24, 2008

Truck Tonnage Index Drops 3 Percent

The American Trucking Associations' advanced seasonally adjusted For-Hire Truck Tonnage Index plunged 3 percent in October, marking the fourth consecutive month-to-month drop

November 13, 2008

Freight Index in Negative Territory

The Freight Transportation Services Index fell 2.5 percent in September from its August level, declining for the second consecutive month, according to the U.S. Department of Transportation's Bureau of Transportation Statistics

November 10, 2008

Automotive and Heavy Duty Suppliers Seek Economic Relief from Government

As the Big Three automakers continue to lobby Washington, D.C., for a government bailout, automotive and heavy-duty parts and components suppliers reminded the government that they need economic relief, too

November 7, 2008

Groups Say Unemployment Numbers Underscore Urgency of Infrastructure Stimulus

Friday's news that the nation's unemployment rate hit a 14-year high of 6.5 percent in October prompted several groups to call for a stimulus bill that includes infrastructure spending

November 3, 2008

Automotive and Heavy Duty Suppliers Ask President for Economic Relief

In a letter sent to President Bush, the Motor & Equipment Manufacturers Association urged the acceleration of the $25 billion loan program for motor vehicle manufacturers and parts suppliers to meet increased fuel efficiency requirements

November 1, 2008

Credit Crunch - Surviving The Storm

A month of financial turmoil has turned the economic forecast gloomy. Truckers will need good management to survive recession and the credit crisis.

October 27, 2008

ATA Truck Tonnage Index Falls Again in September

The American Trucking Associations' advanced seasonally adjusted For-Hire Truck Tonnage Index decreased 0.9 percent in September, marking the third consecutive month-to-month drop

October 26, 2008

FTR Associates Lowers Forecast in Light of Weaker Economic and Freight Demand

The Oct. 24 issue of FTR Associates' North American Commercial Truck and Trailer Outlook report reflects a significant reduction in 2009 vehicle equipment forecasts

October 17, 2008

FTR Conference Call: Bad News Bears

A conference call held Friday by FTR Associates offered a gloomy forecast for the economy, including a consensus that we are facing a four-quarter recession, weak freight and continuing tight credit

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