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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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FTR's Trucking Conditions Index from April and the Cass Transportation Indexes for May identify trends such as job growth and economic conditions that could point to a weakening after a nearly two-year cycle of surging freight volumes.
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FTR's Avery Vise explores how trucking employment, truck order backlogs, fuel prices, motor carrier failures, and the attack on the independent contractor model all tie together.
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Are diesel prices driving small carriers out of business? FTR's Avery Vise digs into FMCSA data to explore that.
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The first two days of FTR's 18th Annual Transportation Conference will feature truck equipment- and truck freight-related tracks.
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