Stronger freight rates would have pushed FTR’s Trucking Conditions Index to a third straight record, but those gains were offset by a swing in diesel prices. Still, conditions were robust.
While trailer orders in June came in above their weak May numbers, orders have continued to soften compared to 2020 order numbers.
With 2021 truck order backlogs filled, and 2022 orderbooks not fully opened, orders continue to align with expectations driven by the supply of open build slots.
Analysis by FTR shows that unemployment benefits were competitive. In 22 states, the median wage for a heavy truck driver exceeded maximum unemployment benefits by less than $5,000 a year.
FTR’s 17th Annual Transportation Conference will host two days of truck-specific content covering topics from the recent supply chain disruptions to the driver shortage.
Although most market factors were not quite as strong in April as they were in March, a reversal of March’s higher diesel prices improved overall trucking conditions.
What does new COVID-19 masking guidance for fully vaccinated Americans mean for the economy and truck freight, as spending on services that involve being around other people continues to improve?
While some have predicted a cliff-event drop in spot rates like in 2018, there is evidence that we may instead see more of a contract rate extended plateau, similar to what we saw in 2011-2012, Jeff Kauffman suggests.
The inventories-to-sales ratio traditionally has been a key indicator for assessing near-term transportation demand. Right now they're very lean, which usually is good news for trucking – but there's a catch.
Net trailer orders for March rose between 6.4 and 12% over February numbers, to between 27,400 and 29,500 units, FTR and ACT Research reported.
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