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Superstorm Sandy helped drive tonnage figures down in October, resulting in the lowest level for the American Trucking Associations' seasonally adjusted For-Hire Truck Tonnage Index since May 2011
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FTR Associates' Shippers Conditions Index for September basically remained unchanged from August with a reading of 6.9, indicating stable but slightly tight truck capacity
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The chief financial officers of middle-market companies surveyed by GE Capital are more positive about the current state of their industry and the economy than they were six months earlier, but many are concerned about fuel price volatility and changes in the hours of service rules
Read More →The amount of freight carried by the for-hire transportation industry rose 0.2% in September from August, rising after a one-month decline
Read More →Spot freight was up only slightly in October from the previous month and fell year-over-year, according to the DAT North American Freight Index
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The economic recovery is progressing at a normal pace, and rebuilding from "superstorm" Sandy will be a boon for some sectors of the economy, including flatbed truckers, according to trucking economist Noel Perry
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Fleets surveyed by CK Commercial Vehicle Research were increasing their planned order activity for power units in the coming three months, while planned trailer orders slowed. Freight demand, while slipping somewhat, is still solid at most fleets, according to the Q4 Fleet Sentiment Report, but it's still solid at most fleets
Read More →Trade using surface transportation between the United States and its North American Free Trade Agreement partners, Canada and Mexico, was 2.6% higher in August 2012 than in August 2011.
Read More →Preliminary data shows October Class 8 truck orders around 23,000 units - the highest since January. FTR Associates, Nashville, Ind., puts the number at at 22,760, 50% higher than the previous month and much improved over third quarter averages, while ACT Research, Columbus, Inc., projects orders will approach 23,200 units for Class 8 trucks and 18,500 for medium duty Class 5-7 vehicles
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Hurricane Sandy hit a region that's both densely populated and important economically. According to IHS Global Insight, the initial estimate of economic losses are in the $30-$50 billion range. However, some trucking companies may see a boost in both the near term and longer term
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