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FTR announced that it has cancelled its 2021 FTR Transportation Conference due to concerns about the COVID-19 pandemic.
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North American Class 8 orders in July were between 25,800 to 26,500 units, virtually unchanged compared to June’s orders.
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Stronger freight rates would have pushed FTR’s Trucking Conditions Index to a third straight record, but those gains were offset by a swing in diesel prices. Still, conditions were robust.
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While trailer orders in June came in above their weak May numbers, orders have continued to soften compared to 2020 order numbers.
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With 2021 truck order backlogs filled, and 2022 orderbooks not fully opened, orders continue to align with expectations driven by the supply of open build slots.
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Analysis by FTR shows that unemployment benefits were competitive. In 22 states, the median wage for a heavy truck driver exceeded maximum unemployment benefits by less than $5,000 a year.
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FTR’s 17th Annual Transportation Conference will host two days of truck-specific content covering topics from the recent supply chain disruptions to the driver shortage.
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Although most market factors were not quite as strong in April as they were in March, a reversal of March’s higher diesel prices improved overall trucking conditions.
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What does new COVID-19 masking guidance for fully vaccinated Americans mean for the economy and truck freight, as spending on services that involve being around other people continues to improve?
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While some have predicted a cliff-event drop in spot rates like in 2018, there is evidence that we may instead see more of a contract rate extended plateau, similar to what we saw in 2011-2012, Jeff Kauffman suggests.
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