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This year should be challenging when it comes to truckable economic activity, according to economist Bob Dieli, speaking at the Heavy Duty Aftermarket Dialogue in Las Vegas on Jan. 28.
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American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index increased 6.6% in all of 2018 – the largest annual gain since 1998 and significantly better than the 3.8% increase in 2017.
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J.B. Hunt Transport Services announced fourth quarter net earnings of $88.7 million were down compared to last year’s $385.3 million, but revenues were up for the year by 20%.
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Load availability on the spot market has been trending downward since August 2018, as capacity loosened and trucks became more available.
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Research released by the Commercial Vehicle Training Association shows that driver skills testing delays are responsible for $1.5 billion in annual economic losses for the U.S. economy.
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On what should we base a 2019 forecast? Start with what makes up almost 70% of our economy: the U.S. consumer.
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The American Trucking Associations' For-Hire Truck Tonnage Index increased by 0.4% in November, building slightly on October’s already impressive level.
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Navistar International reported increased income and market shares in its year-end financial results with company president and CEO Troy Clarke calling 2018 "a breakout year for Navistar."
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The spot market has not enjoyed the usual boost provided by holiday shipping so far in December, with spot market rates falling for all three major trailer types.
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Spot market freight volume and rates fell for most equipment types last month, but holiday shipping is expected to give it a boost.
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