Results published by the Canadian General Freight Index indicate that the total cost of ground transportation for Canadian shippers increased by 2.2 percent in February when compared with January results.
Total reported volumes of used Class 8 trucks climbed to 2,770 units in March, a jump of 14 percent month over month and 5 percent year over year, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research.
After years of truckload carriers wooing shippers with low rates, expanded service offerings and intense engagement models, a perfect storm is underway that puts shippers and logistics providers in the awkward position of wooing the carriers. Why has this happened? Take a look at the backbone of the U.S. market economy – supply and demand.
Freight availability on the spot truckload market jumped 12 percent while available capacity was unchanged (-0.1 percent) during the week ending March 28, according to DAT Solutions, which operates the DAT network of load boards.
FTR reports February 2015 U.S. trailer net orders were 20,400 units, 26 percent below January figures and - 32 percent Y/Y. The trailer market continues to moderate after record setting orders in 2014Q4. Backlogs fell for the first time in six months. Trailer orders have exceeded 347,000 for the past 12 months.