
The American Truck Dealers is pushing congressional leaders to suspend the 12% federal excise tax on new heavy-duty trucks and trailers through 2021.
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According to FTR’s projections for its Trucking Conditions Index, a combination of drastic declines in freight volumes, utilization, and rates due to the COVID-19 pandemic could lead to the worst overall trucking conditions on record during the second quarter of this year.
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According to a recent report from FTR, preliminary trailer orders for March are still being impacted by the COVID-19 pandemic, falling 54% from February to 6,500 units for the month.
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A group consisting of American Trucking Associations President and CEO Chris Spear and CEOs from four major trucking companies have been selected to join President Trump’s Great American Economic Revival initiative, which is convening bipartisan groups of industry leaders from across all sectors of the U.S. economy.
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Jeff Kauffman, an HDT columnist and managing director for Loop Capital Markets and head of Tahoe Ventures joins the podcast to discuss aspects of the economy that affect trucking directly and attempt to make sense of the latest economic forecasts.
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The U.S. economy was rocked today by shocking numbers of 3.3 million people filing unemployment claims for the first time, but the worst is still to come for trucking.
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A number of truck makers and suppliers are choosing to temporarily idle production facilities as part of a national effort to help slow the spread of the COVID-19 pandemic in the United States.
Read More →It is the North American Trucking Industry that will literally carry this country, Canada and Mexico through the COVID-19 outbreak, says Jack Roberts in his blog.
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A sudden war in crude oil prices between Russia and Saudi Arabia could mean a drop in diesel and gasoline prices at American fuel pumps. But the longer-term implications are more worrying.
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FTR said its Trucking Conditions Index in December was the highest since January 2019 and the first positive reading since 0.28 in July.
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