Economy

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April 17, 2012

Spot Market Freight Availability and Rates Up in March

Freight availability and rates on the spot market increased month-over-month and declined slightly year-over-year, according to TransCore's DAT North American Freight index. The index rose 40% from February to March but was down 6.1% compared to March 201

April 11, 2012

Freight Shipments up 0.5% in February

The amount of freight carried by the for-hire transportation industry rose 0.5% in February from January, rising after a one-month decline, according to the Bureau of Transportation Statistics' Freight Transportation Services Index

April 11, 2012

Fourth-Quarter Driver Turnover Makes Surprise Drop

After a year of quarterly increases, the turnover rate for truck drivers at large truckload fleets unexpectedly dipped one percentage point to an annualized rate of 88%, according to American Trucking AssociationsChief Economist Bob Costello

April 10, 2012

Retail Container Traffic Predicted to Increase 3.2% in April

Import cargo volume at the nation's major retail container ports is expected to increase 3.2% in April compared with the same month last year. Year-over-year gains should continue through the end of summer, according to the monthly Global Port Tracker

April 10, 2012

Sluggish Growth in Freight Volumes; Rates Remain Flat

Freight shipment volumes continued their sluggish pace upward in March, increasing 2.1% from February, according to the Cass Freight Index. Freight spending, meanwhile, increased 1%. This is the second month in a row that shipment growth exceeded cost growth, signifying that rates have remained relatively flat.

April 6, 2012

2011 Driver Numbers, Wages Increase; March 2012 Sees Drop in Drivers

The number of heavy-duty truck drivers in 2011 rose 2.8% to 1.51 million from 1.46 million in 2010. It's the first yearly increase in the number of heavy truck drivers since 2008, when the number was 1.67 million, according to the Bureau of Labor Statistics.

April 5, 2012

Higher Rates on Spot Market Affect Broker Use

Carriers are continuing to move away from the use of brokers, although not as much as in 2011, according to Transport Capital Partners

April 4, 2012

Jefferies: Mild Weather Offsets Mild Freight Volumes, Driver Shortage Ups Pay in 1Q

Strong productivity from an unseasonably warm winter should generally offset moderating year-over-year volume growth, the transportation analysts at Jefferies and Company say in their 1Q preview

April 4, 2012

FTR: Preliminary Class 8 Orders for March 11% Below February

March Class 8 truck orders were 11% below February, according to FTR Associates' preliminary data, and below the trucking forecasting firm's expectations. One explanation could be higher fuel prices

April 3, 2012

ACT Research: Class 8 Preliminary Net Orders Soft in March

The final numbers for March net orders, which will be released mid-April, will approach 20,000 units for heavy-duty Class 8 trucks and 13,500 for medium-duty Classes 5-7 vehicles, reports ACT Research

April 2, 2012

Trucking Conditions Index Holds Steady in February

FTR's Trucking Conditions Index for February eased very slightly to a reading of 5.9. FTR forecasts the February reading to be the low point for 201

March 28, 2012

Carriers Slightly Less Hesitant to Add Capacity

The Transport Capital Partners' 1Q 2012 Business Expectations Survey found that while carriers still seem hesitant to add capacity, they are less hesitant than last quarter

March 27, 2012

January 2012 Surface Trade with Canada and Mexico Rose 11.5% 
from 2011

Trade using surface transportation between the U.S. and its North American neighbors, Canada and Mexico, was 11.5% higher in January 2012 than in January 2011, totaling $75.5 billion, according to the Bureau of Transportation Statistics of the U.S. Department of Transportation

March 27, 2012

Pricing for Used Class 8 Slips, Trailer Van Orders Down in February

February numbers from ACT Research show strong numbers for trailer orders but softness in used truck prices

March 27, 2012

ATA Truck Tonnage Increased 0.5% in February

The American Trucking Associations' advanced seasonally adjusted For-Hire Truck Tonnage Index rose 0.5% in February after falling 4.6% in January. January's decrease was more than the preliminary 4% drop ATA reported Feb. 28

March 21, 2012

Surface Trade with Canada and Mexico Rose 14.3% in 2011

Surface transportation trade between the U.S. and its North American Free Trade Agreement partners, Canada and Mexico, in 2011 is valued at $904 billion, a 14.3% increase compared to 2010

March 20, 2012

Carriers Optimistic for 2012

The Transport Capital Partners 1Q 2012 Business Expectations Survey found that carriers continue to be optimistic for the year ahead, with 77% of the carriers surveyed expecting volumes to increase in the year ahead and only 2.6% expecting volumes to decrease

March 19, 2012

Spot Freight Index up Over January, Not Year Over Year

TransCore's DAT North American Freight index was up 24% in February compared to January, but down 5.2% compared to February 2011, when the spot market recorded unseasonably strong freight volumes

March 19, 2012

January Container Import Volumes Up 4.1% Year-Over-Year

Steady sales growth in both automobiles and existing homes during the past few months drove January U.S. container import volumes up 4.1% from January 2011 to 1,475,608 million twenty-foot-equivalent units

March 15, 2012

Truckable Economic Activity Reaches New High in 4Q 2011

Truckable Economic Activity, a trucking-specific economic indicator developed by MacKay & Company. reached a new record high of $8.8 trillion in the fourth quarter of 2011

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