BLOOMINGTON, Ind. – The economy continues to be strong, with spot rates, employment rates, and load postings all reaching record-setting levels in the last several weeks, but trucking is still susceptible to coming changes say industry analysts.
BLOOMINGTON, Ind. — Intermodal volumes and related rates are on the rise this year, buoyed by a strong U.S. economy, but a shortage of rail capacity is also pushing more of the freight onto trucks, FTR Transportation Intelligence reports.
“We’re still expecting healthy growth in rates, even in the back half of the year,” said senior transportation analyst Todd Tanausky, during a webinar on the topic.
TORONTO, Ont. — This isn’t the first time Scott Smith has occupied a seat at the head of a boardroom table. The president and chief executive officer of Ontario-based JD Smith led the Ontario Trucking Association from 2004-06. Now, just a little over a decade later, he has been handed the gavel for the Canadian Trucking Alliance (CTA).
As familiar as the role might appear, this is a time of significant change among some of Canada’s largest trucking associations. Stephen Laskowski is entering his first full year as chief executive officer of the Canadian Trucking Alliance itself. Recent months have seen changes to senior staff at the British Columbia Trucking Association and Alberta Motor Transport Association, too.
LOUISVILLE, Ky.– With truck order intake expected to hit near-record levels in 2018, Mack’s senior vice-president for North American sales, Jonathan Randall, is worried about who will drive all the trucks the company is building.
Speaking on the opening day of the 2018 Mid-America Trucking Show, Randall said the construction sector is seeing record spending, lots of job growth, and correspondingly strong order intake from the sector, but he says there are a couple of potentially dampening factors on the horizon.
“There’s a shortage of labor in that sector today, or more specifically, a shortage of construction workers,” he said. “Who is going to drive all the trucks that we’re selling?”
Randall says U.S. GDP is expected to grow by 2.8% this year, and the strong economy is reflected in the strong order intake the industry is seeing this year. To says the economy is robust would probably be an understatement based on what Mack is seeing in truck orders
TORONTO, Ont. – Preparations are ramping up as Canada’s largest truck show – Truck World – heads to the International Centre in Toronto, running April 19-21. Produced by Newcom Media (owner of Today’s Trucking) and Deutsche Messe …
TORONTO, Ont. — The economy is booming, truck capacity is tightening, and analysts are predicting a strong year for 2018. So is this the right time to expand your business? In March’s Pulse reader survey, we asked readers for their […]
MISSISSAUGA, Ont. – The Truck Training Schools Association of Ontario (TTSAO) is trying to drive more people into the industry by hosting a “touch a truck” event for adults.
The group announced the event and sought marketing ideas for it during the carrier group townhall meeting at their annual conference.
The event – to be held in Mississauga, Ont. On May 26 – will be a hiring event focused on bringing in employees to all areas of the industry, not just drivers.
PORTLAND, OR – Capturing nearly 40% of the North American Class 6-8 truck market, it was a banner year for Daimler Trucks North America, and according to president and CEO Roger Nielsen, the company isn’t done yet.
Daimler sold more than 470,000 trucks worldwide last year to the tune of more than CAN $57.7 billion in revenue and a 6.7% return on sales.
Nielsen credits the strong year on sales of the New Cascadia, with 46,000 orders for the truck in the first year. That number is a significant boost over the first-year sales of the original model which sold about 25,000 units in its debut year.
NASHVILLE, Tenn. – Trucking activity is surging thanks to an array of economic factors in the U.S., but there would be a steep price to pay if U.S. President Donald Trump follows through on threats to pull out of NAFTA. “NAFTA trade via truck supports over 46,000 jobs in our industry, including nearly 31,000 truck driver jobs,” the ATA’s Bob Costello observed during Omnitracs’ fourth-annual Outlook conference.
SCOTTSDALE, Ariz. – Peterbilt is projecting sales of Class 8 trucks in Canada and the U.S. to reach between 235,000 and 265,000 units this year, with another 85,000 medium-duty trucks to be sold on top of that. Several economic conditions back the healthy projections.
ARLINGTON, VA — Truck tonnage dropped for the first time in three months in December, according to the American Trucking Associations (ATA).
The group’s seasonally adjusted index fell for the first time since September, losing 5.7% month-over-month, but was up 5.9% over the same time the year before – a finish the ATA called very strong.
LAS VEGAS, NV – Repairing trucks and trailers is big business in Canada, and it’s getting bigger.
The nation’s aftermarket serving Class 6-8 trucks and trailers was worth $4.2 billion in 2017, and is projected to reach $4.4 billion this year, according to analysts at MacKay and Company.
Parts prices are expected to rise 3.7% because of factors including the Canada-U.S. exchange rate.
“Everything looks fairly positive,” says John Blodgett, vice president – sales and marketing, referring to growth in oil activity, the Gross Domestic Product, and international trade. “Obviously if the U.S. screws up NAFTA and provides some issues there … that could potentially have a negative impact. Hopefully level heads will figure that out and we won’t have too much impact from that.”
Like most other analysts, the team at MacKay and Company was surprised by the 2017 market for equipment sales. In a good way.
LAS VEGAS, NV – The U.S. government itself shut down over the weekend, but the overall economy of Canada’s largest trading partner seems to be in good shape.
The country’s Gross Domestic Product expanded by 2.3% over the past year. “This is, all in all, a decent number but not an impressive number,” said Bill Strauss, senior economist and economic advisor with the Chicago Federal Reserve. Annual growth experienced in the 1990s was closer to 3-4%.
But steady growth like this can be good news, easing the concern about a market correction, he told a crowd at the Heavy Duty Dialogue in Las Vegas.
The country is in the midst of its third-longest expansion in history, now in its ninth year.
BLOOMINGTON, IN – Conditions remained strong in November despite a decline from the month before say analysts at FTR Intelligence.
The group’s monthly index measured a month-over-month decline to a level it calls more sustainable after extreme weather and tight labor conditions caused a short-term spike in October.
TORONTO, ON – Canadian freight volumes closed out 2017 in record-breaking fashion reports TransCore Link Logistics.
The company says Canadian and cross-border freight volumes saw unprecedented growth in the last quarter of the year. Volumes were up by 51% year-over-year, and 9% compared to the previous quarter.