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Retail inventories surged to end 2021. FTR's Avery Vise explores why it happened and what it means for freight.
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FTR expects conditions to remain positive for carriers through 2022 with gradual easing, but swings in fuel prices could maintain volatility.
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You might recall reports that preliminary figures for payroll employment and retail sales were weak in December. FTR's Avery Vise takes a closer look at those numbers and comes up with a different conclusion.
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FTR’s Trucking Conditions Index for November 2021 rebounded from October due to steadier diesel prices, and firmer freight volumes and rates.
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Freight rates continued to strengthen in September, but freight volume and capacity utilization numbers were weaker, according to FTR’s Trucking Conditions Index.
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In September, trailer orders improved over 100% month-over-month to between 28,127 and 28,300 units, ACT Research and FTR reported.
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September’s Class 8 order number is not a true indicator of 2022 truck demand, FTR’s Don Ake said, because OEM are delaying entering order until the health of the supply chain improves.
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Given the ongoing kinks in the global supply chain and the rise in domestic freight demand, OEMs won’t catch up with demand until 2023, according to FTR's Don Ake. That’s why FTR’s equipment outlook calls for pent-up demand to continue into 2022 — and possibly into 2023.
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In place of FTR’s cancelled in-person 2021 Transportation Conference, FTR will host a virtual conference beginning Sept. 13.
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Economic growth and freight rates are expected to remain solid well into 2022, according to transportation analysis firm FTR, but the struggle to find drivers is expected to continue to plague the industry.
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