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The November FTR Trucking Conditions Index jumped by more than three points to a reading of 8.64, possibly pointing to improvements for truckers in 2016, according to FTR.
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Class 8 truck orders rebounded while Class 5-7 orders remained strong in December, according to preliminary numbers from ACT Research and FTR.
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The October FTR index fell by more than three points from September to a reading of 5.06, in line with previous predications from FTR.
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Compared with last year’s record truck order numbers, the early reports for this November show dramatically decreased demand in the Class 8 segment.
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While trailer orders in October were down month over month and year over year, they still beat expectations thanks to "spectacular" refrigerated van orders, according to industry research and analysis firm FTR.
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More gloom than boom, but no doom sums up the economic outlook for 2016 presented by FTR economists in the latest State of Freight webinar hosted by the research and analysis firm.
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The FTR Trucking Conditions Index declined from the previous month’s number to a reading of 8.46 in September. The reading in August was the highest of 2015 so far.
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The compounding effect of several new safety regulations in the next few years could have more of a negative impact on industry capacity than the individual regulations themselves.
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The old adage “the devil is in the details” could have been invented for the new “phase 2” greenhouse gas / fuel efficiency regulations proposed by the EPA and the NHTSA.
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One economist is predicting continued slow growth for the economy, but believes our current economic models aren’t working when it comes to federal fiscal policy.
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