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The 4.5% drop in the American Trucking Associations' tonnage numbers was largely due to severe winter weather during February.
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Is a broad statistic that can give us a real-time second-level read on the magnitude and direction of freight trends? The answer is rail carloads.
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The number of new Class 8 registrations in 2021 is expected to recover by more than 10% from 2020, IHS Markit officials said during a Work Truck Week 2021 virtual presentation.
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American Trucking Associations logged an advanced seasonally adjusted For-Hire Truck Tonnage Index increase of 1.4% in January after rising 1.2% in December 2020.
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The fuel cost component of FTR's Trucking Conditions Index recorded the largest negative change in more than three years.
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Bob Dieli predicted a “rough ride” for the trucking industry in 2020. Little did he know how rough that ride would be.
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“2021 will be a story of contending tailwinds and headwinds,” says U.S. Xpress in a blog post about its 2021 Economic Forecast. See what key trends the truckload carrier's analysts expect this year.
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Truck tonnage ended 2020 on high note, according to American Trucking Associations, as its seasonally adjusted For-Hire Truck Tonnage Index increased 7.4% in December after rising 3.2% in November.
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FTR’s Trucking Conditions Index fell in November from the previous month’s record high, but the November reading of 10.26 is still strong, as rising freight rates continue to power robust trucking conditions.
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As the COVID-19 vaccine helps return life to normal later in the year, the effect on trucking freight and rates will vary as consumer spending is expected to shift back toward services. That’s one takeaway from the transportation analysts at FTR in a recent webinar, “Preparing for 2021.”
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