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Don't expect the rate of growth this year to mirror the last couple of years, said American Trucking Associations' Chief Economist Bob Costello, referring to the 5.8% growth in both 2010 and 2011
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Demand for Class 8 trucks "has hit a soft patch," but at least one industry analyst expects that to be temporary. March Class 8 new and net orders of 22,038 and 20,025 units, respectively, were the lowest order volume since last July, reports ACT Research Co
Read More →FTR Associates' Shippers Conditions Index for February dropped by a full point from the previous month to a reading of -5.6, spelling good news for tracking as demand for trucking services grew strongly in what is normally a slack month
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Freight availability and rates on the spot market increased month-over-month and declined slightly year-over-year, according to TransCore's DAT North American Freight index. The index rose 40% from February to March but was down 6.1% compared to March 201
Read More →The amount of freight carried by the for-hire transportation industry rose 0.5% in February from January, rising after a one-month decline, according to the Bureau of Transportation Statistics' Freight Transportation Services Index
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After a year of quarterly increases, the turnover rate for truck drivers at large truckload fleets unexpectedly dipped one percentage point to an annualized rate of 88%, according to American Trucking AssociationsChief Economist Bob Costello
Read More →The number of heavy-duty truck drivers in 2011 rose 2.8% to 1.51 million from 1.46 million in 2010. It's the first yearly increase in the number of heavy truck drivers since 2008, when the number was 1.67 million, according to the Bureau of Labor Statistics.
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Carriers are continuing to move away from the use of brokers, although not as much as in 2011, according to Transport Capital Partners
Read More →Strong productivity from an unseasonably warm winter should generally offset moderating year-over-year volume growth, the transportation analysts at Jefferies and Company say in their 1Q preview
Read More →March Class 8 truck orders were 11% below February, according to FTR Associates' preliminary data, and below the trucking forecasting firm's expectations. One explanation could be higher fuel prices
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