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For the third time this year, the economy seems to be doing better than trucking markets. Let’s dig into third-quarter earnings reports from publicly traded fleets for more.
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FTR’s Trucking Conditions Index slipped into negative territory again for September when it hit its lowest point since May, reflecting a relatively weak environment for carriers.
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As equipment ordering season for 2020 kicks off, October trailer orders hit the highest level since November 2018.
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Class 8 truck orders hit a high point for 2019 in October; however, in what is traditionally a great month for truck orders, that performance marked the weakest level since 2016, according to preliminary reports.
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Operating costs were up across the board in 2018, as fuel costs rose and fleets increased driver wages and benefits to take advantage of what was a banner year for trucking.
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Same dealer sales volumes of used Class 8 trucks fell in September after briefly rebounding in August, according to the latest report from ACT Research.
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Mack Trucks and the United Auto Workers union have reached a tentative agreement on the terms of a new four-year labor agreement that would cover approximately 3,500 employees, ending a strike.
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American Trucking Associations’ seasonally adjusted For-Hire Truck Tonnage Index saw a slight gain in September after falling 4% the month before.
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In early October, we received a series of weaker-than-expected consumer and industrial data. Whether or not this data proves to be an outlier because of trade concerns and the strike at General Motors remains to be seen.
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The driver shortage is a touchy subject. Some say it's just the turnover of truckers finding better jobs at other fleets. Contributing Editor Rolf Lockwood thinks there may be more to it than that.
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