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The DAT North American Freight Index reports a softer spot market in September. The seasonal decline in overall freight volume was attributed to a reduction in flatbed and reefer freight availability. Both equipment types experienced a decline month-over-month. However, while flatbed volumes were down compared to the prior year by 13%, reefer freight volumes rose by 1.1% when compared with September 2011.
Read More →The amount of freight carried by the for-hire transportation industry fell 0.6% in August from July, declining after a one-month rise. This information is according to the U.S. Department of Transportation's Bureau of Transportation Statistics' Freight Transportation Services Index
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LAS VEGAS - A panel discussion on the economy indicated that the economy and trucking will continue to see slow but steady growth of around 2% GDP through 2013, barring something like a total financial crisis in the Eurozone or the unlikely aspect of Congress driving the country over the "financial cliff" looming at the end of the year
Read More →The slow downward trend of diesel and gasoline prices seems to have halted this week
Read More →North America heavy-duty GVW Class 8 commercial vehicle preliminary net orders for September remained soft, according to the ACT Research
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FTR expects trucking conditions to improve in 2013, thanks to modestly better economics and a strong increase in capacity utilization stemming from added constraints on trucking from federal regulations taking effect in mid-year
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The number of carriers who expect to add little or no capacity in the next 12 months has remained fairly constant at around 70-74% for the last five quarters, according to Transport Capital Partners' Third Quarter 2012 Business Expectations survey
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In spite of a slow economic climate, 74% of North American logistics companies surveyed achieved or exceeded revenue projections in 2011, according to the 19th Annual Survey of Third-Party Logistics Providers. However, companies that failed to meet their financial projections were up sharply from 14% in 2010 to 26% in 2011
Read More →In August, ACT Research reports, pricing for used trucks continued to climb along with net orders for trailers
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ORLANDO, Fla. - Unless we go over the "fiscal cliff," the U.S. economy should continue to grow, but at a very modest rate, said Bob Costello, chief economist and vice president of the American Trucking Associations
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