Disruptions to the global economy are occurring more often and with greater impact than ever before, and the instability isn’t likely to change, according to a partner at global consultancy firm Roland Berger.
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.
The trucking industry, and the supply chain as a whole, are in an upcycle, but analysts suspect that the industry has reached its peak.
During a Work Truck Show 2021 virtual presentation, Andrej Divis, director, medium & heavy commercial vehicle research for IHS Markit, discussed some current work truck market trends and forecasts.
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.
According to the Intermodal Association of North America's Intermodal Market Trends and Statistics report, total intermodal volumes dropped 7.4% year-over-year in the fourth quarter of 2019.
The American Transportation Research Institute has opened its 2019 Top Industry Issues survey up for fleet operator input.
On what should we base a 2019 forecast? Start with what makes up almost 70% of our economy: the U.S. consumer.
When you look back just four years ago to 2014, a lot of heavy-trucks were sold. Freight demand had suddenly increased, and everyone was trying to move more cargo. But when 2015 rolled around, things weren’t as rosy.
FTR’s Trucking Conditions Index for July remains in a positive range with a reading of 5.75, reflecting tightening capacity, rising spot rates.
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