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https://www.freightwaves.com/news/daily-infographic-class-8-orders-hit-14-month-high-in-november
Stephens investment conference trucking equipment highlights
(Photo: Jim Allen/FreightWaves)Supply chain challenges were the main focus at the Stephens annual investment conference earlier this month in Nashville, Tennessee. Executives said driver recruiting and broader supply chain bottlenecks were slightly easing, but purchasing and procuring equipment has gotten notably tougher.
Lack of trailers becoming new driver shortage:
Chart of the Week: ACT Research Equipment Orders – Class 8 Trucks, Outbound Tender Reject Index – USA SONAR: ORDERS.CL8, OTRI.USA
Class 8 truck orders are trending lower as national tender rejection rates remain above 25% — a characteristic of an extremely tight freight market. At first glance, it appears that carriers have slowed their efforts adding capacity to the domestic trucking market, even though the data suggests that little has changed in terms of the aggregate need for adding more...
https://s29755.pcdn.co/news/have-carriers-learned-not-to-overextend-their-fleet-expansion-efforts
Chart of the Week: Insurance Expense % – Dry Van Company and Leased Fleet, Driver to non-Driver Ratio – Dry Van Company and Leased Fleet SONAR: INSURE.VCFOO, DRRAT.VCFOO
Driver recruiting problems are limiting carrier growth while the cost of operating is growing at a faster rate than ever. A similar scenario played out at the end of the 2017-18 freight boom. Cost inflation from insurance, maintenance, equipment and wages lasted beyond the yearlong freight boom that saw spot rates surge to...
https://s29755.pcdn.co/news/freight-boom-is-not-without-downsides-for-carriers
The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, as the holidays approached, truck drivers found less traffic on roadways than in past years, and that means speeds are going up. Plus, Gatik plans to remove drivers from its vehicles in 2021 and New Year’s resolutions for fleets looking to reduce their risk.
Faster, faster and faster stillAs the world slowed, trucks got faster. Data shows that as fewer cars traveled the roadways in 2020, truck...
Andrew Cox and Seth Holm discuss how rises in cryptocurrency metrics should influence where you put your money
Andrew Cox and Seth Holm are back with another round of “you care or nah?” and today’s discussion brings up some hot points about a jump in bitcoin.
The hot topics:
https://www.freightwaves.com/news/bitcoin-or-big-rigs-great-quarter-guys-with-video
Daimler Trucks sold 25% fewer units in the third quarter. But new orders doubled from the previous three months as the impact of the COVID-19 pandemic eased.
Third-quarter unit sales fell to 99,000 vehicles versus 126,000 in the same period a year ago.
New truck orders were up 3% over the year-ago third quarter. They doubled from the April-June period when Daimler and other truck makers shuttered plants for six weeks.
Revenues decreased by 20% to €9.2 billion ($10.9 billion). Earnings before...
https://s29755.pcdn.co/news/daimler-trucks-sees-higher-orders-but-lower-q3-sales-and-earnings
The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, a lawsuit from the Teamsters and safety groups opposing the recent changes to hours-of-service rules will not have the support of the Owner-Operator Independent Drivers Association. Plus, regional carriers are poised to gain as FedEx and UPS shed freight volumes and what are equipment ordering cycles telling us about 2020 and beyond?
OOIDA supports HOS changesThe Owner-Operator Independent Drivers...