FTR’s July Shippers Conditions Index fell reflecting least favorable market conditions for shippers
Fuel costs aside, gradually stronger freight volumes, utilization, and rates likely will soften conditions toward neutral by mid-2024.
ACT Research projects weaker U.S. tractor market in 2024
Those factors include ongoing pent-up vocational truck demand, strong tractor demand in Mexico, and labor hoarding.
Industry leaders share thoughts on where the trucking industry is going at ACT seminar
Industry leaders talked about the transition to EVs, what’s anticipated for fleers in the next 18 months, and how fleets feel about the future.
FTR: Fuel costs chip away at favorable shippers market
Overall market conditions for shippers were stable and positive during June.
Equipment demand likely to fade into year end
The silver lining: vocational truck demand remains strong.
FTR’s July Trucking Conditions Index improved from June but remains in negative territory
Aside from fuel cost volatility, the outlook for trucking conditions is little changed with only gradual improvement.
ACT Research says half of all commercial vehicles will be zero emissions by 2040
By 2027, eight states will have joined California in adopting Advanced Clean Trucks, resulting in moderate growth in adoption rates.
FTR: August Class 8 orders up from July
August level of order activity continues to be below replacement levels.
Fullbay launches fourth annual State of Heavy-Duty Repair survey
The final report will be available for free download in early 2024.
Used truck sales uncharacteristically high in August
Compared to July, average retail price increased 1%, while miles and age both declined 1%.
August Class 8 truck orders the best month since February
This represents the highest monthly performance since February and the third consecutive month with orders exceeding 20,000 units.
Equipment Leasing and Finance Association releases Monthly Leasing and Finance Index
The association notes that volume was down 9 percent from $10.9 billion in June.
