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April 20, 2018 - Industry News

First Quarter 2018 Truck Orders Hit 12-Year High

In 2018 through March, truck orders have hit the second highest level ever, beaten only by the pre- EPA 07 regulation ordering boom in 2006.

Truck orders in the first quarter of 2018 hit the second highest mark in history and mark the best period for orders since 2006, according to ACT Research.

Tags: Economy, Truck Sales, ACT Research, Truck Orders

April 17, 2018 - Industry News

Economic Watch: Industrial Production, New Homes, Retail Sales Move Higher

The latest numbers about the health of the U.S. economy showed continued growth when it comes to industrial production, housing starts, and retail sales, indicating increasing energy for the first part of the second quarter.

Tags: Economy, Retail Sales, GDP, Industrial Production, Manufacturing, Home Starts

April 16, 2018 - Industry News

FTR: February Freight Environment for Carriers Scores Highest Ever

The February TCI reading of 15.41 was the highest since FTR began tracking conditions in1992-- and it jumped four points from January’s reading. Source: FTR

FTR’s Trucking Conditions Index for February hit its highest reading ever, reflecting an unmatched positive environment for carriers.

Tags: Economy, Freight, FTR, Trucking Conditions Index, Freight Rates, Freight Capacity

April 16, 2018 - Industry News

Overall Freight, Spending Post Double-Digit Gains in March; Truckload, Intermodal Rates Jump

Newly released figures on the health of the North American freight marketplace as well as on U.S. truckload linehaul and intermodal rates show all are at or near record highs.

Tags: Cass Truckload Linehaul Index, Cass Intermodal Linehaul Index, Cass Freight Index, Freight Rates, Intermodal, Economy

April 13, 2018 - Industry News

March Maintains Trailer Order Momentum

Trailer orders fell in March but remained at the highest levels recorded since 2014. Photo: Stoughton Trailers

Early reports from FTR on trailer order activity for March show that while orders declined by 16% from the month before, they remain historically strong.

Tags: Economy, FTR, Freight Capacity, Trailer Orders

April 11, 2018 - Industry News

Economic Watch: Domestic Inflation Picking Up

While consumer prices declined for the first time in 10 months during March, there is increasing evidence that inflation is picking up at both the retail and wholesale levels.

Tags: Economy, Retail Sales, Department of Labor

April 6, 2018 - Industry News

Economic Watch: Trucking Employment Surges, Overall Jobs Moderate

The number of U.S. non-farm jobs added in March moderated while trucking added the most jobs in recent memory, according to a new Labor Department report.

Tags: Economy, Unemployment, Manufacturing, Employment

April 4, 2018 - Industry News

Economic Watch: Employment, Manufacturing Remain Strong

Change in nonfarm private employment by month. Graphic: ADP

Employers continued adding a high-number of non-farm jobs in March while U.S. factory orders increased broadly in February, but the rebound was less than expected, according to two new reports.

Tags: Economy, Durable Goods, Manufacturing, Employment

April 2, 2018 - Industry News

Cross-Border Truck Freight Value Jumps 10.2%

Top five U.S. ports by truck, January 2018. Graphic: U.S. DOT

Trucks moved freight valued at $60.6 billion between the U.S. and its North American neighbors Canada and Mexico in January, up 10.2% compared to January 2017, according to newly released Transportation Department figures.

Tags: Canada, Economy, Cross-Border Trucking, Mexico, Surface Trade

April 2, 2018 - Industry News

Economic Watch: Manufacturing, Construction Remain on Firm Ground

Economic activity in the nation’s manufacturing sector remained solid during March, while construction spending was nearly unchanged in February. The latest reports show the nation’s overall economic health was stronger in the final quarter of last year than earlier indications.

Tags: Economy, GDP, Manufacturing, Construction Spending, Gross Domestic Product

March 28, 2018 - Industry News

Spot Freight Jumps 3.6%, Capacity Increases Slightly

Flatbed spot freight rates were up last week while reefer spot rates remained unchainged. Source: DAT Solutions

The number of loads on the spot truckload freight market jumped 3.6% during the week ending March 24 while truck capacity increased 1.3%, according to DAT Solutions.

Tags: Economy, Spot Freight, Freight Rates, Freight Market, Freight Capacity

March 26, 2018 - Industry News

Mack: Labor Shortages Potentially Harmful to Continued Growth

Mack says long-haul spec'd highway tractors have made up 40% of its truck builds so far in 2018. Photo: Jim Park

Jonathan Randall, Mack senior vice president, worries about who will drive all the trucks his company is building today.

Tags: Economy, Technician Shortage, Mack Trucks, Driver Shortage, Technician Training, MATS

March 22, 2018 - Industry News

For-Hire Freight Level Up 6.3% from Year Earlier

Freight Transportation Services Index, January 2013 - January 2018. Graphic: U.S. DOT

The amount of freight carried by the nation’s for-hire transportation industry, fell 0.4% in January from the month before, after it reached an all-time high in December, according to newly released figures from the Transportation Department's Freight Transportation Services Index.

Tags: Economy, Railroads, Freight Index

March 22, 2018 - Industry News

Economic Watch: Manufacturing, Leading Indicators, Existing Homes All Move Higher

Manufacturing activity this month hit a three-year high, while other reports showed healthy increases in where the economy is headed over the next several months.

Tags: Economy, Manufacturing, Home Sales, Leading Economic Indicators

March 21, 2018 - Industry News

Economic Watch: What Higher Interest Rates May Mean for Trucking

The Federal Reserve signaled its confidence in the economy on Wednesday when raised a key interest rate for the sixth time since 2015 – but this also could lead to trucking companies needing to rethink how they are handling their loans.

Tags: Economy, Interest Rates, Federal Reserve

March 16, 2018 - Industry News

Trailer Orders Fall but Remain Historically High

February was the fifth consecutive month that trailer orders broke the 30,000 unit mark. Photo: Stoughton

Trailer orders are expected to hit 32,000 units in February, a number that, if it holds true, would be a record for that month, according to preliminary reports from FTR.

Tags: Economy, Trailers, FTR, Capacity, Trailer Orders

March 16, 2018 - Industry News

Trucking’s Share of Cross Border Freight Value Declines

The value U.S.-North American freight by mode in billions: 2016-2017. Graphic: U.S. DOT

Trucking posted the biggest loss of the five major transportation modes when it came to the value of U.S. freight moved between Canada and Mexico last year, according to new Transportation Department figures.

Tags: Canada, Economy, Cross-Border Trucking, Michigan, Mexico, Texas, Railroads, Surface Trade

March 16, 2018 - Industry News

Economic Watch: Industrial Production, Consumer Sentiment Up; New Homes Mixed

Industrial production in the U.S. rebounded from a drop at the start of the year, as consumer sentiment is the best in more than a decade – but there's a decline reported in parts of the new-home-building market.

Tags: Economy, Industrial Production, Manufacturing, Housing Starts, Consumer Sentiment

March 14, 2018 - Industry News

Economic Watch: Retail Sales Down Again, Inflation in Check

Retail sales in the U.S fell for the third straight month in February, according to new government numbers, pointing to slower economic growth in the first quarter. Separate reports about inflation showed it cooled at both the retail and wholesale levels.

Tags: Economy, Retail Sales, Interest Rates, Consumer Prices, Federal Reserve, Producer Prices

March 9, 2018 - Industry News

Economic Watch: Jobs Booming, Manufacturing Throttles Back

Employers in the U.S. added far more jobs in February than analysts were expecting, but there are some concerns about the nation’s manufacturing sector as consumer credit slowed and the trade deficit hit a near 10-year high.

Tags: Economy, Interest Rates, Unemployment, Manufacturing, Employment, Federal Reserve, International Trade

March 1, 2018 - Industry News

Economic Watch: Manufacturing, Spending, Income Jump; Construction Flat but Strong

Manufacturing in the U.S. continued its hot streak in February, but there are questions following other data released earlier about the sector. Personal incomes and expenditures were up, and construction spending remained robust despite little change from the month before.

Tags: Economy, Manufacturing, Construction Spending, Personal Income, Personal Spending

February 28, 2018 - Industry News

Economic Watch: GDP Revised Lower, Consumers Remain Very Upbeat

The U.S. economy didn’t expand as much as originally estimated in the final quarter of 2017, but it still turned in a solid performance, according to a new Commerce Department report, while a separate report on consumer confidence showed it was at its highest level in more than a decade.

Tags: Economy, GDP, Consumer Confidence, Gross Domestic Product

February 27, 2018 - Industry News

Outlook for Trucking is Stellar, ATA Economist Says

ATA Chief Economist Bob Costello tells attendees at the Omnitracs Outlook 2018 user conference in Nashville that trucking should face smooth sailing over the next year or two. Photo: Jim Beach

The trucking industry is seeing the best economic climate since deregulation, according to Bob Costello, chief economist and senior vice president of the American Trucking Associations.

Tags: Economy, ATA, Economic Forecast, Supply Chain, Omnitracs

February 27, 2018 - Industry News

Economic Watch: Durable Goods Orders, New Home Sales Post Second Straight Drops

Following strong growth last year, business spending on equipment has fallen for the second straight month, according to a new report, while a separate one shows new home sales in the U.S. have slipped again.

Tags: Economy, Durable Goods, Home Sales

February 21, 2018 - Industry News

Economic Watch: Manufacturing at 40-Month High, Existing Home Sales Slip Again

A preliminary report about the U.S. manufacturing sector for this month showed business conditions continue improving, hitting a 40-month high, while a separate one on existing home sales revealed a decline for the second straight month amid higher prices and a supply shortage.

Tags: Economy, GDP, Manufacturing, Home Sales, Gross Domestic Product

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