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Tag Archives: trucking

Orders of Heavy Trucks Collapse, Layoffs Start

“Fleets are nervous. The latest manufacturing and construction numbers are concerning. The trade issue with China looms.” Layoff decisions by heavy-truck manufacturers are trickling out. A couple of days ago, it was Daimler-owned Freightliner, which said in a statement to WBTV that it would “adjust its production output in line with lower market demand and release approximately 450 production workers [out of 2,878 employees] at its Cleveland manufacturing plant based in Cleveland,...

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Light at End of Tunnel or Oncoming Train for the Goods-Based Economy?

What US Freight Shipments and Pricing Say About the Slowdown. Freight shipments within the US fell 3.0% in August 2019, compared to August 2018, the ninth month in a row of year-over-year declines, but it was only about half the rate of declines in May (-6.0%) and July (-5.9%), according to the Cass Freight Index for Shipments. The index tracks shipment volume by all modes of transportation – truck, rail, air, and barge – of consumer and industrial goods but not of bulk commodities....

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Orders for Heavy Trucks Plunged 80% in August

Here’s why — and how that’s impacting truck makers.  Orders for heavy trucks that haul part of the economy’s goods across the US plunged by 80.1% in August 2019 compared to August last year, to about 10,400 orders, according to preliminary estimates by FTR Transportation Intelligence. It was the 10th month in a row of year-over-year declines, and the second month in a row of 80%-plus declines, with orders in July having plunged 81.2% to about 9,800, not seen since 2010. So far this...

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Freight Shipments Suffer Steepest Drops since Financial Crisis, Overcapacity Balloons

For Trucking and Railroads, it’s Hangover Time. Freight shipments within the US by all modes of transportation – truck, rail, air, and barge – fell 5.9% in July 2019, compared to July 2018, the eighth month in a row of year-over-year declines, according to the Cass Freight Index for Shipments, which tracks shipments of consumer and industrial goods but not of bulk commodities such as grains. This decline along with the 6.0% drop in May were the steepest year-over-year declines in...

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It Starts: First Truck Maker Cuts Production

Navistar confirms next phase in Transportation Recession. After orders by trucking companies for Class-8 trucks – the heavy trucks that haul trailers across the country – collapsed by 81% in July compared to July last year to the smallest number of orders since 2010, deepening a trend that has gotten worse all year, it would only be a matter of time before truck manufacturers announce production cuts and ultimately layoffs. These heavy-truck makers – Peterbilt and Kenworth, divisions...

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Heavy-Truck Orders Collapse Stunning 81%. Lowest Since 2010

Order backlog still feeds truck makers, but they don’t disclose for how long. Orders for Class 8 trucks – the iconic trucks that haul part of the economy’s goods across the country – collapsed by 81% in July compared to July last year, to 9,800 units, the lowest since 2010, according to FTR Transportation Intelligence on Friday. It was the ninth month in a row of year-over-year declines. But “declines” is not the right word. This year so far, these year-over-year “declines” ranged from...

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Trucking, Rail Plow into “Transportation Recession”

After the boom comes the bust. And now is the bust. Freight shipments in the US across all modes of transportation – truck, rail, air, and barge – fell 5.3% in June compared to June last year, after having fallen 6.0% in May, the seventh month in a row of year-over-year declines, according to the Cass Freight Index for Shipments. This decline, along with other freight indicators, including orders for heavy trucks, now clearly outline the new Transportation Recession – number 2 since...

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Truck Makers Are Going to Have to Fess Up Soon

“Orders” of Heavy Trucks Collapsed by 70% but “Sales” Rose to Highest Level Since 2006: There’s a Lag. And Sales Are Next Now there is this phenomenon: Orders for Class 8 trucks – the heavy trucks that move a big part of the goods across the US – have collapsed by about 70% in May and June compared to a year earlier, to just over 10,000 truck-orders per month, the lowest in years. But sales of Class 8 trucks in June, as measured by deliveries to trucking companies and truckers, reached...

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Trucking is Infamously Cyclical, But This is a Tad Extreme

After truck manufacturers eat up their backlogs, then what? Orders for heavy trucks plunged by 69% in June compared to June last year, to 13,000 units, after having plunged by 71% in May, to just 10,400 units, FTR Transportation Intelligence reported today. It was the eighth month in a row of year-over-year declines. So far in 2019, the year-over-year declines in orders for Class-8 trucks ranged from -52% to -71%, which, as FTR said in the statement, makes it “the weakest six-month...

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Trucking Swerves Deep into Slump, from Red-Hot Boom. Smaller Truckers Hit Hardest

Freight shipments across all modes of transportation dropped the most since Nov 2009. Freight shipment volume in the US dropped 6.0% in May compared to May last year, the sixth month in a row of year-over-year declines, and the sharpest year-over-year drop since November 2009, according to the Cass Freight Index for Shipments. The index tracks shipments of goods for consumer and industrial sectors across all modes of transportation – truck, rail, air, and barge. But it doesn’t track...

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