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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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As equipment ordering season for 2020 kicks off, October trailer orders hit the highest level since November 2018.
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Class 8 truck orders hit a high point for 2019 in October; however, in what is traditionally a great month for truck orders, that performance marked the weakest level since 2016, according to preliminary reports.
Read More →Trailer orders hit the highest level of 2019 in September, rebounding a bit from a slow year for equipment sales, and it could indicate that fleets are more optimistic about 2020.
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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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You can no longer expect to run a motor carrier of any size without at least a glancing appreciation for the impact logistics— in one way or another-- has on every link in the supply chain.
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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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Economic activity drives the freight market, but paying attention only to indicators of the economy’s overall health doesn’t tell the whole story of what may be ahead for trucking.
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A government official expert at analyzing labor trends contends that trucking is not experiencing a driver shortage, rather she sees the problem as one of painful turnover in one segment of the industry.
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Early reports on Class 8 truck orders for the month of August show a modest increase compared to July, but as manufacturers open up slots for 2020, it seems that fleets are in no hurry to fill them.
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