INDIANAPOLIS, Ind. – Spot rates are down, freight demand has slowed, and there’s been a surge in fleet bankruptcies in the U.S. Overall truckload rates are expected to be down 7% this year and down 1.3% in 2020. Avery Vise of FTR doesn’t seem worried.
INDIANAPOLIS, Ind. – Cries of a looming — or existing — driver shortage are echoed on both sides of the border. They regularly emerge in employer surveys that identify trucking’s biggest challenges, and positions taken by industry lobby groups. Kristen Monaco of the U.S. Bureau of Labor Statistics doesn’t buy it.
INDIANAPOLIS, Ind. – There’s data, data everywhere, but limits to what people can do with it. Advances in Artificial Intelligence – often referred to simply as AI – is introducing the computing power that will harness the data to guide everything from the decisions made by autonomous vehicles, to the efforts to better manage traffic flows.
INDIANAPOLIS, Ind. – John Bennett, the vice-president and chief technology officer at Meritor, says exact predictions about the growth of electric trucks are not important. “Everybody is at least predicting that it’s higher than today,” he says.
TORONTO, Ont. — Wards Auto reports that Canada recorded 3,189 Class 8 truck sales in April, with Daimler Trucks North America holding a tight grip on its leading market share with 1,177 of the sales.
TORONTO, Ont. — Maintaining a fleet of trailers is complicated enough, but specialty trailers pose their own unique challenges. The more complex a trailer design is, the greater the potential for maintenance-related headaches. We caught up with maintenance professionals to […]
FTR’s new Intermodal Dash, recently added the company’s Intelcast platform, offers users new insights into the intermodal marketplace. Intelcast, which builds on FTR’s Freightcast model for forecasting freight demand, lets subscribers adjust data variables and view results immediately. The resulting […]
INDIANAPOLIS, Ind. – The U.S. truck population could shrink by as much as 13% if half the freight is moved by autonomous trucks using a transfer hub model. Stephan Keese, senior partner with Roland Berger, explained at the FTR Transportation […]
INDIANAPOLIS, Ind. – Safety and driver comfort are driving the way fleets spec’ trucks today, even at the expense of payload. That was the consensus from three fleet managers who participated in a panel at the FTR Transportation Conference.
INDIANAPOLIS, Ind. – The rollout of the electronic logging device (ELD) mandate in the U.S. has not gone smoothly, according to Annette Sandberg, CEO of TransSafe Consulting. Speaking at the FTR Transportation Conference, Sandberg said “We have seen significant problems […]
INDIANAPOLIS, Ind. – Heading into 2018, Bruce Ridley, the vice-president of Packaging Corp. of America in charge of transportation, said the company was prepared for a tropical storm — but not the perfect storm that struck. “I think most of […]
INDIANAPOLIS, Ind. – In studying the viability of electric trucks, Rick Mihelic has learned one thing for certain. “Electric trucks are polarizing,” the director of future technology studies for the North American Council of Freight Efficiency (NACFE) said today during […]
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.
NEWPORT, R.I. – It is a good time to be in trucking in the U.S. The economy is strong, freight needs to move, and rates are on the rise. Eric Starks, the chairman and CEO of FTR, pointed to several indicators during a business symposium for Volvo dealers and customers. The ATA Tonnage Index and FTR Loadings Index, which track absolute freight levels, are both trending upward. The flatbed market in particular has been going “crazy”, in part because of increasing demand to move pipe and fracking sand, the latter of which is moved in boxes, he said. “It’s eating up a huge amount of capacity.” Everything from consumer spending to home sales are adding to the demand.
NEWPORT, R.I. – Per Carlsson has been here before. The global senior vice-president of Volvo Trucks’ strategy and transformation office was president of Volvo Trucks North America from 2008-09, and now he finds himself serving as interim president to fill a role vacated by Goran Nyberg, who has taken a senior position at Volkswagen’s MAN Truck and Bus business unit.