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Due to weakened orders for heavy duty trucks in North America, Volvo has announced it will lay off 700 workers beginning in January of next year.
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FTR and ACT Research report that preliminary trailer orders fell significantly in November as fleets become more cautious about freight conditions in 2020.
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The industrial slowdown has hit less-than-truckload giant YRC Worldwide, which reported tonnage is down significantly compared to a year ago, as it announced changes to its CFO and board of directors.
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While it’s been a challenging year for the trucking industry in some ways, comparisons to the runaway market of 2017-2018 may make it seem worse than it is. In their monthly State of Freight webinar Dec. 12, the transportation intelligence analysts at FTR discussed the top trends affecting freight volumes and rates.
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Engine maker Cummins Inc. is planning to lay off about 2,000 workers due to the downturn in the market.
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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.
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Freight transportation analysis firm FTR is reporting that the truck freight environment was mediocre in August and was likely to stay that way through 2020.
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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.
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August data from ACT Research's For-Hire Trucking Index show a pull back from July’s surprising and anomalous surge and a forecast for continued negative conditions until 2020.
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The financial indicator that tracks the volume of commercial equipment financed in the U.S is showing that the economy is continuing to see sustained moderate growth in many business sectors.
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