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COVID-19 Still Brings Uncertainty to 2021 Trucking Outlook

COVID-19 Still Brings Uncertainty to 2021 Trucking Outlook

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.”

January 18, 2021

COVID-19 Disruption Continues to Affect Freight, Rates
Truck Freight Outlook Murky: FTR

Truck Freight Outlook Murky: FTR

Improvements in industrial production and housing may help drive a truck freight recovery, but spikes in COVID-19 cases in many parts of the country and questions about what Congress may or may not do leave a lot of uncertainty in the forecast, according to analysts at FTR.

July 9, 2020

Re-Opening Measures Positively Affect Truck Freight, Rates
Trucking Loses 88,000 Jobs in April

Trucking Loses 88,000 Jobs in April

More than 88,000 jobs disappeared in the truck transportation sector in April, a 5.8% drop from March, both the steepest drops on record – part of a record-setting 20.5 million job loss across the country, as the nation’s unemployment rate rose to 14.7%.

May 8, 2020

Freight Rates Plummet, Small Fleets Struggle

Freight Rates Plummet, Small Fleets Struggle

As stay-at-home orders in response to the COVID-19 pandemic took hold across much of the country in the latter part of March, the level of freight available – and the rates to haul it – plummeted. This means many of the smallest companies that make up the vast majority of motor carriers are seriously hurting.

April 22, 2020

Growth in Truck Freight, Rates to be Slight in 2020: FTR
FTR: 2019 Freight Market 'Steadier' Than it May Seem

FTR: 2019 Freight Market 'Steadier' Than it May Seem

While it’s been a challenging year for the trucking industry in some ways, comparisons to the runaway market of 2017-2018 may make it seem worse than it is. In their monthly State of Freight webinar Dec. 12, the transportation intelligence analysts at FTR discussed the top trends affecting freight volumes and rates.

December 12, 2019

Will Truck Sales Momentum Continue Through 2019?

Will Truck Sales Momentum Continue Through 2019?

Despite an overall positive truck sales forecast for 2019, tariffs and trade wars could be stumbling blocks that trip up the economy and send freight and truck sales downward, said two longtime industry analysts.

November 9, 2018

FedEx CEO Warns Trump Attack on Trade Could Be 'Catastrophic'
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