The Freight Transportation Services Index (TSI), based on the amount of freight carried by the for-hire transportation industry, hit an all-time high of 138.7 in November 2018.
The Trucking Conditions index tracks changes in the U.S. truck market related to freight volumes, freight rates, fleet capacity, fuel prices, and financing and combines the metrics into a single score. The TCI shows that conditions were extraordinarily strong until Q4, although December 2018 was a strong outlier in a generally stabilizing market.
By Heavy Duty Trucking
As of November 1, 2019, pickup truck values have continued a slow, downward trend since a peak in June 2019.
As in 2017, for-hire and private fleets account for half of aftermarket parts demand of Class 6-8 trucks and trailers.
Dealers have increased both new and used truck sales. Equipment turns averaged 649,000 miles.
For U.S. Class 8, orders averaged 40,800 units per month in 2018, but for the first half of 2019, just 14,600 per month.
The total number of structurally deficient bridges has continued to decrease year-over-year.
As of October 1, 2019, pickup truck values have remained relatively stable compared to the drop experienced in August 2019.
U.S. business logistics costs, as calculated in CSCMP’s 2019 State of Logistics Report, sponsored by Penske and authored by A.T. Kearney, rose 11.4% in 2018 to reach $1.64 trillion, or 8% of the $20.5 trillion GDP.
In this report, we present data on vehicle age, mileage, maintenance cost, and labor hours. Data is organized by type of vehicle, including refuse trucks, sedan and SUV police vehicles, dump trucks, pickup trucks, and fire equipment.
The average marginal cost per mile for fleets rose 6% in 2017 to $1.69, thanks largely to increased fuel and driver costs.
As of September 1, 2019, pickup truck values rose from the drop experienced in August 2019, while Class 4-8 trucks all decreased on value compared to the same time last month.
It's taking longer for loads to arrive, and the DOT currently projects the weight of goods moved by truck to rise by close to 34% by 2045.
As of August 1, 2019, pickup truck values are continuing to drop from their peaks in May and June.