FTR is reporting that its Trucking Conditions Index for October 2020 literally went off the charts to the highest reading the research firm has ever recorded.
FTR and ACT Research report that preliminary trailer orders fell significantly in November as fleets become more cautious about freight conditions in 2020.
Technology is leading the pack, but repair costs, the evolution of 5G, and driver safety programs round out the top four factors impacting accident management in the future.
The medium-duty truck market is healthy, ready for continued growth, and currently impacted by several outside factors including emissions regulations and fleet needs.
Approximately 398 people could lose their lives and another 45,300 could suffer serious injuries on roadways over the Labor Day weekend, according to the National Safety Council's estimate, which is the lowest it has issued for the three-day holiday period since 2015.
The National Safety Council predicts that there will be a more than 6% increase in roadway fatalities during the Fourth of July weekend compared to a year ago with 565 deaths over the four days.
More than 102 million people will be on the nation's roadways this holiday season, marking a 4.4% increase over last year and an all-time record high since AAA began tracking holiday vehicle travel in 2001.
FTR has added Intermodal Dash software to its newly released Intel•cast freight-forecasting platform.
A global market research firm says worldwide revenue from autonomous truck and bus technology hit $84 million, and will likely reach $35 billion by 2023.
In the years following the recession, U.S. economic growth has been "so modest that no sector has been overheated,” said William Strauss, senior economist and economic adviser at the Federal Reserve Bank of Chicago.
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