Trucking Industry Spot Prices: The Unpredictable 2023 Outlook
Discover the future of the trucking industry spot prices as carriers and analysts predict market conditions for 2023 amidst uncertain economic conditions.
Tagged: Economics
4 Exciting Trends in Alternate Fuels Adoption Increase: Survey Insights
A recent benchmarking survey by Fleet Advantage highlights the significant alternate fuels adoption increase in among corporate fleets, with a particular focus on battery electric trucks and leasing trends.
Trucking Still Gaining Workers
Trucking still gaining workers at around 2,100 workers in December 2022 from November, seasonally adjusted data from the U.S. Department of Labor (DOL) shows. According to the DOL’s final 2022 employment report for the truck…
Diesel Supply Critically Low
U.S. diesel supplies are becoming critically low with shortages and price spikes likely to occur in the next six months unless and until the economy and fuel consumption slow. Stocks of diesel and other distillate…
Freight Shipments Climbing
Freight shipments climbing with a sequential uptick in trucking shipments during the 2Q. Freight payments data released in late July showed a sequential uptick in trucking shipments during the second quarter, reversing the declining trend…
Rising CPI Pressuring Fleet Operations
Rising CPI pressuring fleet operations, effecting cost of financing equipment and other cost such as maintenance and repair. Knowing how to navigate this, as well as understanding a fleet’s options, can potentially save millions toward the organization’s bottom line.
Paccar Posts Record Income
Paccar posts record income for 2Q with strong margins defying dour economy, increased deliveries of recently revamped models and profit on its parts business all contributed. Practically everything clicked in the second quarter crushing analyst…
Class 8 Registrations Expected To Climb
The number of new Class 8 registrations this year is expected to recover by more than 10 percent from last year, which were down by 26 percent, according to Andrej Divis, director of global heavy…
For Trucking, ‘Tailwinds and Headwinds’ This Year
The new year will be a story of contending tailwinds and headwinds,’’ according to a 2021 economic forecast by U.S. Xpress. The forecast, from one of the country’s largest truckload fleets, looks at economic indicators…
COVID-19 Requires Haulers to Diversify
The convulsions that COVID-19 has sent through the economy and supply chain have made it imperative for carriers to diversify their customer base, shed weak areas of their business and adapt to changing retailer behavior.
