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ACT Research’s August For-Hire Trucking Index reported a tight trucking market fueled by ongoing volume, rate surges, and increased driver shortages.
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The American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index decreased 5.6% in August, a 1.4% drop from July.
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As technologies that collect data have become more readily available and affordable, fleets of all sizes have begun studying the data from various sources within their business.
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COVID-19 brought on the worst recession in U.S. history, but the recovery is underway and economic conditions should return to pre-COVID levels by late next year.
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According to DAT Freight & Analytics, August’s spot truckload rates almost set an all-time high, with spot van, refrigerated and flatbed rates higher month over month and load-to-truck ratios increasing at the end of summer.
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According to FTR, preliminary U.S. trailer orders for August increased 49% since July to 28,700 units, the biggest jump since October 2019.
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The North American Council for Freight Efficiency (NACFE) has revised its Tractor Aerodynamic Devices and Trailer Aerodynamic Devices confidence reports. Originally published in 2016, several equipment developments led NACFE to revise the reports.
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Although FTR’s Trucking Conditions Index for July was down approximately 25% from June’s 11.35 reading, trucking conditions continue to remain favorable for carriers as the recovery continues across the country.
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With the recent addition of the fed's Drug and Alcohol Clearinghouse, the industry is now, more than ever, in need of data concerning the safety of its drivers and the environment in which they work.
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This year's Fact Book stats on drivers gives readers a snapshot of the wages, characteristics and turnover rates.
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