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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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Sharp increases in fuel and financing costs coupled with an unfavorable trend in freight rates resulted in a major deterioration of financial conditions for trucking companies during October, FTR reports.
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Find out why FTR's CEO Jonathan Starks says trailer manufacturers seem to have found themselves in a "goldilocks environment."
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“Trucking companies that managed their businesses well during the good times should remain healthy and outperform those that had relied on a robust market to remain afloat,” FTR officials predict.
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September order activity is further testimony that there remains a tremendous level of pent-up demand for Class 8 trucks, FTR officials said.
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North American Class 8 net orders for August jumped 98% month-over-month to 21,400 units, according to FTR.
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Fuel and financing costs and freight rates caused a decline in the trucking market in June.
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