FTR looks at key economic and trucking industry indicators and offers an outlook for freight transportation in 2023.
Despite a string of gains, the ATA's tonnage index is still off 1.8% from pre-pandemic numbers.
The huge increases in freight volume since the economic contraction are slowing, but the trucking industry still looks to see a strong 2021 in terms of both demand and rates.
After surging for the last five months, spot truckload rates have gone flat according to DAT, with demand for trucks softening during the week ending October 18.
While FTR’s Trucking Conditions Index reading for May made a comeback from a “worst-ever” level in April to a reading of -5.19, it is still not doing well from a historical perspective.
Schneider’s new online marketplace FreightPower gives shippers access to an expanded, flexible capacity network, according to the company.
In an effort to achieve completely automated end-to-end freight transactions, Uber Freight is moving beyond automated pricing and matching to enable transactions that can take place automatically and without intervention.
A new freight management platform created by third-party logistics provider Choptank Transport allows fleets to track and analyze many operational factors based on their own shipping history.
The latest reports from ACT Research show improvement in for-hire freight volumes, but also a slide in the Freight Rate Index in December and a slight improvement in the economic outlook for 2020.
First-quarter 2019 GDP grew at 3.2%, and the latest guess about the second quarter is 1.7%. That latter number is a disappointment for sure, but it is not a negative, says longtime trucking economic analyst Noel Perry. But what about freight?
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