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.
The global shutdowns caused by the COVID-19 pandemic continue to wreak havoc in economic forecasting.
Pandemic lockdowns are easing and freight levels are increasing, but the COVID-19 virus is still out there, and it may take a while for the economy to recover. What does the future hold for our country’s economy and the trucking industry?
How will reopening impact truckload demand and freight rates in the near future? What will freight rates look like in the next six to 12 months? This video from Convoy explores those questions.
The U.S. economy was rocked today by shocking numbers of 3.3 million people filing unemployment claims for the first time, but the worst is still to come for trucking.
Used Class 8 truck sales improved 4% month-over-month in January, but sales were down 1% year-over-year compared to January 2019.
Bob Dieli, an economist with aftermarket research firm MacKay and Company, identifies these as economic boom times. But good things don’t last forever.
During a panel discussion during Heavy Duty Aftermarket Dialogue, trucking experts recognized that aftermarket businesses must continue to adapt to changing economic conditions and market forces alike.
For the third time this year, the economy seems to be doing better than trucking markets.
Citing a brutal October and November, ACT Research warns that 2020 will be much tougher for both medium- and heavy-duty truck sales.