Truckload demand may well be cooling unseasonably in the fourth quarter, but according to the American Trucking Associations’ For-Hire Truck Tonnage Index, truck tonnage increased by 2.8% in October compared to the previous year. This was the fourteenth straight year-over-year gain, although tonnage decreased sequentially by 2.3% in October after rising 0.8% in September. The…
For flatbed carriers looking to demand indicators through year-end and into 2023, the recent Association of Equipment Manufacturers (AEM) October report and fourth-quarter results for Deere & Company (DE (NYSE) are important indicators to evaluate. According to the AEM, construction and agriculture equipment manufacturers face supply chain disruption for input components. However, a resolution of…
According to the USDA, weekly truckload volumes of produce are currently around 2016 levels and down by 13% compared to the previous year. In the Pacific Northwest, where the Fall produce season is still underway, weekly volumes before Thanksgiving were up by 13% compared to last year and almost identical to 2020 volumes. In Idaho’s…