We work with OEMs to produce industry assessments for preliminary Class 8 Truck orders and Trailer orders for industry-wide consumption.
We provide in-depth market analysis and forecasting in our Truck & Trailer Outlook intelligence service.
We provide in-depth market analysis and forecasting in our Truck & Trailer Outlook intelligence service.
The U.S. economy adds 467,000 payroll jobs in January.
• Job openings and quits remain close to record levels.
• The number of newly authorized trucking companies remained high in January.
•Diesel rises to its highest price since August 2014 as crude tops $90 a barrel.
• Rail carload and intermodal volumes remain stuck in neutral.
With the technological explosion of data and the rise of social media platforms, the world is faced with new challenges coming from these technological developments. The changes in data collection and analysis are changing the way we do business and are having political and economic impacts that we have only begun to understand.
Watch consumers, supply chains, and the pandemic, of course.
A year ago, we were forecasting a solid 2021, but forecast risks appeared to be mostly to the downside. In some cases, we correctly predicted a result but did not anticipate the cause. For example, recovery in employment was slowing, but the issue seemed to be one of weak demand, not tight supply.
Prospects for 2022 are bright, as the global economy recovers from the COVID-19 pandemic and loss of economic activity associated with the shutdowns of key economic drivers, aimed to slow the spread of the disease.
U.S. payroll job growth was weak in December, but the labor market is complicated.
• Job openings remain near record levels as job quits set a record.
• Truck spot rates set a record to end 2021.
• Nearly 110,000 new trucking companies entered the market in 2021.
• Rail and intermodal volumes see typical movements during the holidays.
We provide in-depth market analysis and forecasting in our Truck & Trailer Outlook intelligence service.
The outlook for intermodal dimmed this month as it appears volumes will hold at present levels through the end of the year. There is demand to move more goods via intermodal, but congestion and metering by the carriers are limiting how high volumes can go. The existing thinking is that volumes will not improve meaningfully until the mid-to-late-first quarter at the earliest.
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