
According to the Intermodal Association of North America's Intermodal Market Trends and Statistics report, total intermodal volumes dropped 7.4% year-over-year in the fourth quarter of 2019.
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Talk around the "commercial" table at Goodyear's 2020 Customer Conference in Aurora, Colorado, suggested that both the corporate side and the dealer network see this year as an opportunity to build on previous initiatives while introducing some new service-oriented offerings.
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Bob Dieli, an economist with aftermarket research firm MacKay and Company, identifies these as economic boom times. But good things don’t last forever.
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Preliminary reports indicate trailer orders for December were down from the previous month and significantly down from the same time last year, according to ACT Research and FTR estimates.
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For the third time this year, the economy seems to be doing better than trucking markets.
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After closing without notice in early December, Akron, Ohio-based GDS Express has filed for bankruptcy. The company filed for Chapter 11 liquidation on Dec. 27, 2019, citing the shutdown of a revolving credit account.
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ACT Research said North American used truck sales volumes fell 35% in November.
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While it’s been a challenging year for the trucking industry in some ways, comparisons to the runaway market of 2017-2018 may make it seem worse than it is. In their monthly State of Freight webinar Dec. 12, the transportation intelligence analysts at FTR discussed the top trends affecting freight volumes and rates.
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The national average spot van rate hit its highest level since last January and load-to-truck ratios for all three equipment types surged during the week ending Dec. 8, according to DAT Solutions.
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Gross margins and revenues were down for freight brokers in the third quarter of 2019, but cost reductions and lower rates allowed them to stay profitable.
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