Indicators Point to Strengthening Trucking Market
COVID-19 brought on the worst recession in U.S. history, but the recovery is underway and economic conditions should return to pre-COVID levels by late next year.
September 16, 2020
COVID-19 brought on the worst recession in U.S. history, but the recovery is underway and economic conditions should return to pre-COVID levels by late next year.
September 16, 2020
March’s Trucking Conditions Index (TCI) of -8.69 is just the start for industry, according to FTR, which predicts it will lead to the worst quarter on record.
May 21, 2020
Comcar Industries, the parent company for five national truck transportation and related services businesses, has announced its intent to sell its various operating companies, recently filling for Chapter 11 protection to facilitate these sales.
May 18, 2020
According to FTR’s projections for its Trucking Conditions Index, a combination of drastic declines in freight volumes, utilization, and rates due to the COVID-19 pandemic could lead to the worst overall trucking conditions on record during the second quarter of this year.
April 17, 2020
A group consisting of American Trucking Associations President and CEO Chris Spear and CEOs from four major trucking companies have been selected to join President Trump’s Great American Economic Revival initiative, which is convening bipartisan groups of industry leaders from across all sectors of the U.S. economy.
April 15, 2020
FTR said its Trucking Conditions Index in December was the highest since January 2019 and the first positive reading since 0.28 in July.
February 14, 2020
After closing without notice in early December, Akron, Ohio-based GDS Express has filed for bankruptcy. The company filed for Chapter 11 liquidation on Dec. 27, 2019, citing the shutdown of a revolving credit account.
January 2, 2020
Gross margins and revenues were down for freight brokers in the third quarter of 2019, but cost reductions and lower rates allowed them to stay profitable.
November 22, 2019
FTR’s Trucking Conditions Index slipped into negative territory again for September when it hit its lowest point since May, reflecting a relatively weak environment for carriers.
November 18, 2019
Operating costs were up across the board in 2018, as fuel costs rose and fleets increased driver wages and benefits to take advantage of what was a banner year for trucking.
November 4, 2019
American Trucking Associations’ seasonally adjusted For-Hire Truck Tonnage Index saw a slight gain in September after falling 4% the month before.
October 22, 2019
Politics, or more exactly how to work political levers to attain favorable policy outcomes, was a running theme of the state of the industry address delivered on Oct. 7 by ATA’s Chris Spear.
October 7, 2019
For the first time, driver compensation and detention/delay at customer facilities appeared on the American Transportation Research Institute’s annual Top 10 list of the Top Industry issues.
October 6, 2019
Refrigerated fleet Cold Carriers Logistics filed for Chapter 11 bankruptcy reorganization in Florida on Sept. 27, according to a recent court filing.
October 1, 2019
Roadrunner Transportation Systems says it will downsize its unprofitable dry van business, part of the company’s truckload segment.
October 1, 2019
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