Is the U.S. in a recession? The usual measures of the country's economic health have been rendered unreliable by the continued fallout from the COVID-19 pandemic. Two experienced trucking analysts share what they're seeing in the numbers.
North American Class 8 net orders for August jumped 98% month-over-month to 21,400 units, according to FTR.
Fuel and financing costs and freight rates caused a decline in the trucking market in June.
Sharp increases in diesel prices during May offset slightly improved freight market conditions for carriers.
What do inflation, inventories, employment numbers, freight rates and more mean for trucking's outlook?
OEMs are working to increase Class 8 truck build rates, however key components remain in short supply and continue to limit production.
FTR's Trucking Conditions Index from April and the Cass Transportation Indexes for May identify trends such as job growth and economic conditions that could point to a weakening after a nearly two-year cycle of surging freight volumes.
FTR's Avery Vise explores how trucking employment, truck order backlogs, fuel prices, motor carrier failures, and the attack on the independent contractor model all tie together.
"The prevailing theme in trucks is largely unchanged: Long backlogs and supply-chain constrained production continue to keep new orders trending within a narrow range.”
Are diesel prices driving small carriers out of business? FTR's Avery Vise digs into FMCSA data to explore that.
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