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Profits for two trucking operations in the first quarter of the year fell dramatically, both saying they battled a tough pricing environment and excess capacity.
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FTR’s Trucking Conditions Index for February took a positive step, as the company's analysts expect the index to approach a double digit positive reading by the end of the year due to the combination of freight growth and still-planned regulatory headwinds in 2017.
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Truckload linehaul rates in June were nearly the same as the month before, but they are still below levels from a year ago, while there seems to be no end to the recent drop in rates for intermodal shipments.
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Freight shipments and expenditures edged up in June after three months of lackluster performance, hitting their highest levels of the year, according to the Cass Freight Index – but it remains unclear if this is part of a larger trend.
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Although North American freight shipments continued to climb in May, they are still well below those of the last several years, and expenditures for freight fell for the third time in five months, according to the latest Cass Freight Index Report.
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The year now unfolding will be one of “stability for trucking,” contends Transport Capital Partners, given the results of the consultancy’s Q4 survey of motor carrier executives.
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The supply of Class 8 trucks has continued to rise faster than demand, according to the ACT For-Hire Trucking Index.
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We’ve all heard the saying, “Those who cannot remember the past are condemned to repeat it.” It’s one to take to heart looking back at 2015.
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The FTR Trucking Conditions Index fell 9% to a reading of 6.7 in April, weakened by more available capacity and less pressure on rates.
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The FTR Trucking Conditions Index for February fell slightly in February to a reading of 7.4, reflecting a softening capacity utilization caused by fluctuating diesel prices and the suspension of controversial provisions of the 34-hour restart.
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