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Transportation company chief financial officers across the U.S. are seeing more business opportunities despite rising costs and regulatory challenges, according to a recent survey by GE Capital.
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After a significant dip during the recession and a mild economic recovery, the U.S. freight economy, particularly for trucking, is projected to grow significantly in the years ahead, according to American Trucking Associations' U.S. Freight Transportation Forecast to 2023
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FTR's Trucking Conditions Index for May fell markedly from the previous month to a reading of 5.1, down nearly four points, as reported in the July 2012 Trucking Update. April's strong performance was not sustained, and the TCI has dropped to the lowest level in six months
Read More →Trucking added 2,000 for-hire jobs in June after adding 7,300 jobs in May. June numbers are up 3.1% from one year ago, according to data from the U.S. Bureau of Labor Statistics.
Read More →North American Class 8 commercial vehicle preliminary net orders for June remained soft, according to two major industry research firms.< Net orders for Classes 5-7 also fell below trend, but the decline was expected, as medium-duty activity typically tapers off during the summer months
Read More →May showed a continued decline in the availability of low-mileage used heavy-duty trucks, according to analysts with Great American Group LLC. According to the American Truck Dealers and Used Truck associations, the average mileage for May was 560,000 miles, which is a historic high compared to a year ago, when the average mileage was 514,000 miles
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Carriers are still reluctant to add capacity, according to results from Transport Capital Partners' Second Quarter 2012 Business Expectations Survey. Seventy-one percent of carriers expect to add little or no capacity, a slight increase from last quarter's 65%
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The average retail selling price for a used Class 8 truck dropped to $48,643 in May, down 6% month over month but 3% above the average price in May 2011. On a year-to-date basis, prices remained 13% above last year's pace, according to ACT Research Co
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Trade using surface transportation between the U.S. and its North American Free Trade Agreement partners, Canada and Mexico, was 8.2% higher in April 2012 than in April 2011, totaling $79.8 billion, according to the Bureau of Transportation Statistics of the U.S. Department of Transportation.
Read More →In an environment that should support healthy demand, ACT Research says a lack of confidence by the credit-buyer side of the market is at the root of the three-month downturn experienced in the Class 8 market
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