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Sharp increases in diesel prices during May offset slightly improved freight market conditions for carriers.
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What do inflation, inventories, employment numbers, freight rates and more mean for trucking's outlook?
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OEMs are working to increase Class 8 truck build rates, however key components remain in short supply and continue to limit production.
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FTR's Trucking Conditions Index from April and the Cass Transportation Indexes for May identify trends such as job growth and economic conditions that could point to a weakening after a nearly two-year cycle of surging freight volumes.
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FTR's Avery Vise explores how trucking employment, truck order backlogs, fuel prices, motor carrier failures, and the attack on the independent contractor model all tie together.
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"The prevailing theme in trucks is largely unchanged: Long backlogs and supply-chain constrained production continue to keep new orders trending within a narrow range.”
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Are diesel prices driving small carriers out of business? FTR's Avery Vise digs into FMCSA data to explore that.
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High fuel prices and inflation are among the factors prompting analysts to say the freight pendulum is starting to swing back the other way.
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With backlogs largely full for the year, OEM’s have yet to open their order boards for 2023.
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The first two days of FTR's 18th Annual Transportation Conference will feature truck equipment- and truck freight-related tracks.
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