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Economy

Comcar Files for Chapter 11, Selling Off Assets

Comcar Industries, the parent company for five national truck transportation and related services businesses, has announced its intent to sell its various operating companies, recently filling for Chapter 11 protection to facilitate these sales.

FTR: Don't Look for Positive Trucking Conditions Again Until 2021

According to FTR’s projections for its Trucking Conditions Index, a combination of drastic declines in freight volumes, utilization, and rates due to the COVID-19 pandemic could lead to the worst overall trucking conditions on record during the second quarter of this year.

FTR: March Trailer Orders Drop to 6,500 Units

According to a recent report from FTR, preliminary trailer orders for March are still being impacted by the COVID-19 pandemic, falling 54% from February to 6,500 units for the month.

ATA President, Trucking CEOs Added to White House Economic Revival Group

A group consisting of American Trucking Associations President and CEO Chris Spear and CEOs from four major trucking companies have been selected to join President Trump’s Great American Economic Revival initiative, which is convening bipartisan groups of industry leaders from across all sectors of the U.S. economy.