According to ACT Research, preliminary trailer data for October shows a total of 54,200 orders, up 6% from September and more than 68% higher than October 2019.
Spot truckload rates for dry van and refrigerated freight hit another high in October, according to DAT Freight & Analytics, while average flatbed rates also increased compared to September, they did not surpass 2018’s highs.
According to separate ACT Research and FTR reporting, October’s preliminary North American Class 8 orders jumped to 38,900 units and 40,100 units, respectively.
According to a recent Fleet Advantage industry survey, companies were able to modify and scale their truck operations in response to the COVID-19 pandemic.
ACT’s most recent For-Hire Trucking Index shows a tight trucking market, with continuing increases in volume and rates, but with driver availability worsening.
Trailer order saw another big leap in September, with net trailer orders increasing 82% over August with 51,208 units.
While the American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index increased in September, it saw a dip compared to September 2019.
The North American Council for Freight Efficiency has revised its Confidence Reports on low-rolling-resistance tires to reflect industry developments since they were published in 2015.
According to preliminary reports from FTR, September’s U.S. net trailer orders hit a third-highest-month-ever record at 52,000 units, 23,500 units above August and 33,400 more than September 2019.
According to the American Truck Business Services’ (ATBS) Mid-Year Independent Contractor Benchmarks and Trends Report, while some aspects of trucking, such as mpg, have improved since June 2019, revenue has seen an overall drop in the past year.
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