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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.

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June Class 8 Net Orders See Upturn

According to ACT Research, June’s preliminary North American Class 8 net orders rose 139% over May with 16,000 units. Compared to last June, orders were also up by 23%.

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%.