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Intermodal freight movements are finally recovering since a tentative agreement was worked out about three weeks ago between West Coast Port workers and shipping companies, but diversions of freight from this part of the country are expected to continue.
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The FTR Trucking Conditions Index for January dropped 34% month to month to a reading of 7.8. Despite the drop, the index is only slightly below the high average score from 2014.
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Trailer orders for January hit 27,300 units returning to normal order rates after an increased rate in the last three months of 2014, according to report from FTR.
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Business conditions in the trucking industry improved dramatically the final month of 2014, according to a new report from the transportation forecasting firm FTR.
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Class 8 truck orders remained strong in January, with preliminary numbers coming in at around 35,000 units – an increase from January 2014 but falling below 40,000 units for the first time in three months.
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December trailer orders were second only to October 2014 in volume, and trailer orders for the year hit an all-time high.
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FTR’s Trucking Conditions Index for November, at a reading of 8.98, reflects dropping fuel prices, according to the transportation research firm. Strong freight volumes from a good Christmas shopping season also helped.
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Since the end of the "Great Recession" and the start of a recovery, the U.S. economy has gone through two distinct phases, with the latter being the better, and expectations are things will continue to improve.
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Truck orders remained strong in December with net Class 8 orders at 43,620 units, the third consecutive month above 40,000, according to the latest data from FTR.
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November trailer orders in the U.S. hit 39,356, the second highest month ever behind October of this year, according to a report from FTR.
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