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Recent closures have prompted headlines touting trucking’s “bloodbath” and “apocalypse.” But anyone who has been in this business for very long at all knows trucking is extremely cyclical.
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American Trucking Associations advanced seasonally adjusted For-Hire Truck Tonnage Index decreased 1.1% in June but was up in year-over-year comparisons.
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After a year of tremendous sales and success, the trailer market is looking at a period of declining demand. However, the downturn could also signal a time for significant change.
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Turnover rates at large and small truckload carriers remain at lower levels despite a soft freight environment, according to the latest numbers tracked by American Trucking Associations.
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Recent economic reports from trucking industry analysts show a decline in the freight market in the near term, but it could stabilize in the long term.
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Spot market rates for dry van and refrigerated shipments in June were the highest since January as capacity tightened due to the Roadcheck inspection blitz and increased demand.
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Trailer orders continued to slide in May as OEMs catch up on building orders from last year. But with few signs that ordering will pick up again this year and a slowing economy, could it mean lower prices for fleets in the future?
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American Trucking Associations’ American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index fell by 6.1% in May, nearly erasing the 7% gain in April.
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It’s no secret that orders for Class 8 trucks have been in decline this year, but May is projected to hit new lows, according to preliminary reports from FTR and ACT Research.
Read More →Trailer orders are down this year through April but production levels are near all-time highs as OEMs work through the glut of orders from last year.
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