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The 3.2% first-quarter GDP figure released by the Commerce Department seems to portray a stronger volume environment than was experienced by the trucking industry, judging by first quarter fleet earnings.
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April was a strong month for truck tonnage, according to the ATA Truck Tonnage Index, possibly due to factors such as weaker previous months and a late Easter holiday.
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Decreasing freight rates, sluggish demand and slow truck orders are all signs of a trucking industry that has finally hit the brakes on the 2018 economic boom.
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The first few months of 2019 showed many inconsistencies in economic data, varying wildly from month to month. Is our economy really this inconsistent or is there another reason for the variation?
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Economist Jim Meil says a further drag on trailer production and sales will come from California when new regulations from the California Air Resource Board targeting heavy-duty truck trailers come into effect next year.
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Bad winter storms and a later than normal Easter holiday may have contributed to a 2.3% dip in American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index for the month of March.
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ACT Research will now publish a monthly report that will focus on the future of the U.S. trucking industry. The report, ACT Freight Forecast, U.S. Rate and Volume Outlook, will cover the truckload, intermodal, LTL and last mile sectors.
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March Class 8 truck orders fell once again, falling below the 20,000 unit threshold for the third consecutive month.
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Every winter impacts the economy in some way, but this season was especially tough and could have led to a slowdown in truck freight.
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The American Trucking Associations has long said there’s a severe driver shortage, driven by factors such as demographic changes and an overall tight work force. The Owner-Operator Independent Drivers Association contends there’s really not a shortage – just a shortage of pay and an abundance of poor treatment. Now an article published by the U.S. Department of Labor has provided new fuel for debate.
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