TransCore’s North American Freight Index showed a 14 percent decline in spot market truckload freight volume for the month of April compared to March, but a 12 percent increase compared to April 2010.
Freight volumes in the South and Midwest were negatively impacted by the extreme weather conditions, including an outbreak of tornadoes, the regions experienced during April. The month-to-month decline was the first instance in 15 years where spot market freight volume dropped from March to April.
Compared to March, April brought moderation of truckload capacity constraints on the spot market, led by a 6.7 percent increase in capacity and a 9.5 percent decline in freight availability for dry vans. Refrigerated capacity increased 3.4 percent while freight availability slipped 5.1 percent. However, both flatbed capacity and freight volumes dipped, 2.6 percent, and 9.7 percent, respectively.
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5/17/2011 – TransCore’s North American Freight Index Dips in April Due to Extreme Weather
TransCore’s North American Freight Index showed a 14 percent decline in spot market truckload freight volume for the month of April compared to March, but a 12 percent increase compared to April 2010….
5/16/2011 – FTR Shippers Condition Index Falls Significantly
FTR Associates’ Shippers’ Condition Index as reported in the firm’s May Shippers Update fell significantly to a reading of -11.4, reflecting tightening capacity and accelerating transport costs….
5/12/2011 – ACT: Commercial Vehicle Market Continues on Solid Recovery Path
Improved demand across the entire heavy duty vehicle market is reflected in the most recently available data, according to ACT Research Co., which says it is “readily apparent” that the stage has been set for a long run-up in demand across the medium-duty and heavy-duty truck and commercial trailer segments….
5/12/2011 – DOT’s Freight Index: Shipments Highest Since July 2008
The amount of freight carried by the for-hire transportation industry increased 1.9 percent in March from February to reach the highest level since July 2008, according to the DOT’s Bureau of Transportation Statistics’ Freight Transportation Services Index….
5/10/2011 – Expert Defines Keys to Growth in Trucking Industry at Conference
Satish Jindel, president of SJ Consulting Group, defined the keys to growth in the trucking industry at the Carrier Logistics’ recent Group Conference in White Plains, N.Y….
5/10/2011 – Lease-Accounting Rules Change Delayed as Complexity Complaints Addressed
It looks like proposed changes in accounting practices that would affect fleets that lease trucks will not go into effect as soon as originally expected….
5/5/2011 – April Truck Orders Highest in Five Years
Preliminary numbers indicate Class 8 commercial vehicle orders for North American markets climbed to 38,200 units in April, up 158 percent from year ago, according to ACT Research — the largest monthly order intake since March 2006….
5/5/2011 – Commercial Truck Market Could be Entering ‘Sweet Spot’
The commercial used truck market could be entering a period of growth as dealers begin to see more high-value trade-ins, says Chris Visser, senior analyst with the ATD/NADA Official Commercial Truck Guide….
5/4/2011 – Michigan Senate Passes Bill Calling for Reman Parts in State Fleet
On April 27, the Michigan Senate passed a bill (SB-185) that prioritizes the use of remanufactured parts in the state’s motor vehicle fleet….
5/4/2011 – Survey: More Larger Fleets Planning Larger Equipment Orders
Fewer fleets say they’re planning to place equipment orders in the coming quarter, but the average size of the order is the highest since the fourth quarter of 2008, according to CK Commercial Vehicle Research’s most recent Fleet Sentiment Report….
5/4/2011 – Road Dog Satellite Radio Moving Channels
Sirius XM is reordering channels on both its Sirius and XM satellite radio feeds, including the Road Dog trucking channel….
5/2/2011 – Commercial Trailer Net Orders, Shipments Post Double Digit Growth
Net orders and shipments of commercial trailers continued their robust performance during March, according to ACT Research. Net orders rose 21 percent from February levels, while shipments were more than 33 percent above the previous month….
4/29/2011 – UPS Q1 Earnings Up 24%
UPS announced diluted earnings per share of 88 cents for the first quarter of 2011, a 24 percent improvement over the adjusted 71 cents for the prior-year period….
4/29/2011 – Tornado Outbreak Destroys Truckstop, Affects Carriers, Shippers, Drivers
[UPDATE 2] Tornadoes that ravaged wide swaths of the South Wednesday demolished a Virginia truckstop and dealt damage to several trucking companies.
In the worst outbreak since 1974, 164 tornadoes blitzed 13 states on Wednesday, killing at least 230 people. Alabama was hit hardest with an estimated 128 deaths, prompting President Obama to declare a state of emergency there….
4/29/2011 – Cummins Q1 Sales Up 56% to $3.9 Billion
Cummins reported sharply higher sales and earnings compared to the first quarter of 2010 on continued strength in key international markets, a recovering North American truck market and productivity improvements….
4/28/2011 – First Quarter Fleet Results: Earnings Tempered by Weather and Fuel
The first quarter of 2011 saw strong revenue and profit increases for many carriers. However, the good results were tempered by bad weather and the spike in fuel prices. On the whole, fleets expect business to continue increasing through the remainder of 2011….
4/28/2011 – Truckstop, Trucking Companies Hit in Southern Tornadoes
Tornados ravaged parts of the South yesterday, damaging some trucking companies and severely damaging at least one truck stop….
4/27/2011 – ATA Tonnage Index Rises 1.7 Percent in March
The American Trucking Associations’ advance seasonally adjusted For-Hire Truck Tonnage Index increased 1.7 percent in March after falling a revised 2.7 percent in February. The latest gain put the seasonally adjusted index at 115.4 in March, the highest level since January of this year…
4/27/2011 – Carrier Survey Finds Rates Up For Majority
Average freight rates continue to rise, according to the First Quarter Business Expectations Survey by Transport Capital Partners, with larger carriers reporting smaller increases than the smaller companies….
4/27/2011 – Used Truck Market Shows Price Rises, Higher Miles
The upward price trend of used Class 8 commercial vehicles that began in early 2010 continued into March 2011, according to ACT Research. The reported average sales price increased 6 percent from February levels….
4/27/2011 – Positive Industry Outlook Tempered by Rising Operating Expenses
Nearly three-quarters, 71 percent, of trucking company executives surveyed by GE Capital, Transportation Finance expect business conditions to improve in 2011, but they are concerned about the impact of external and internal factors on their profit margins….
4/21/2011 – Heavy-Duty Order Backlog Approaches 108,000 Units
Strong order volume pushed the Class 8 backlog to almost 108,000 units in March, according to ACT Research….
4/20/2011 – Trucking Companies Relying Less on Broker Services
Carriers are using less broker services, another sign of tightening capacity, according to a survey by Transport Capital Partners.
The recent First Quarter Business Expectations Survey by the transportation advisory firm found 87 percent of carriers said they have used less broker services during the past three months….
4/15/2011 – ATA: Increased Hiring and Rising Turnover Indicate Economic Recovery
Hiring in the trucking industry picked up in the fourth quarter of 2010. Coupled with an increase in the turnover rate for linehaul truckload drivers, this portends increased demand for drivers as the economy recovers….
4/13/2011 – Commercial Vehicle Market Strength to Continue Through 2011 and 2012
The most recent data continues to reflect improved demand across all segments of the heavy-duty commercial vehicle market.
Fundamentals, including pent-up demand resulting from deferred replacement, tight freight-carrying capacity, improved fleet financial performance and some easing in credit availability, will combine to support an upcycle for the market, according to ACT Research….
4/11/2011 – Virginia Tech Transportation Institute Creates Driving Healthy Resource
Researchers at the Virginia Tech Transportation Institute in the Center for Truck and Bus Safety have created the Driving Healthy resource network on a website, Facebook, and Twitter for commercial motor vehicle drivers….
4/8/2011 – TCP Carrier Survey: Excellent Rates and Volumes Expected
The recent First Quarter Business Expectations Survey completed by Transport Capital Partners found 92 percent expecting volume increases in the next 12 months….
4/5/2011 – Hub Group Acquires Exel Transportation Services
Hub Group has purchased Exel Transportation Services for $83 million before post-closing adjustments. ETS is now a wholly owned subsidiary of Hub Group, operating independently under the name Mode Transportation….
4/4/2011 – Canadian Professor to Research Trucker Health
A professor at the University of Moncton in the Canadian province of New Brunswick is launching a study of the health habits of 1,000 truck drivers….