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Avery Vise, FTR vice president of trucking, explained why the forecaster believes we'll see a sluggish freight economy for the near future.
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Both ACT Research and FTR are reporting significant increases in September Class 8 truck orders over August as the 2024 order boards open.
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Preliminary analysis of Class 8 tractor orders for July seems to show an upswing, beating expectations, according to both ACT Research and FTR Transportation Intelligence.
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What can shifting patterns of port use and the related impact on intermodal, the spot market reaching bottom, and orders for Class 8 tractors and trailers tell us about the health of the trucking industry? Find out what FTR said in its State of Freight webinar.
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While FTR’s Trucking Conditions Index showed substantial improvement in January, the index remains in the negative.
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The rise of Class 8 truck orders in February represent a solid level of order activity, FTR said, suggesting that there may be a stabilizing in the low 20,000-unit range.
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How can we reconcile recent freight market weakness with January's strong employment statistics? FTR's Avery Vise digs into the jobs numbers.
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"This type of activity by fleets indicates that they are not overly concerned about an economic recession and continue to lock in build slots for the second half of 2023," FTR officials said.
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FTR looks at key economic and trucking industry indicators and offers an outlook for freight transportation in 2023.
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Jonathan Starks will replace Eric Starks as FTR CEO. Starks will be transitioning to chairman of the board.
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