Plus, cargo theft risks spikes ahead of Memorial Day, April sees drop in freight, a Wisconsin carrier and brokerage file for bankruptcy, and more.
ATA and ACT Research report declines in U.S. truck tonnage and trailer orders in April, as economic uncertainty and tariff pressures stall recovery across freight and equipment markets.
Trucking firm Elite Carriers and brokerage affiliate ECI Inc. have filed for Chapter 11 bankruptcy, joining three other entities owned by Kirk Ecklund in seeking protection.
The trucking industry's seasonal uplift during produce season falls short this year, exacerbating an ongoing slowdown due to various factors.
The typical boost in freight demand expected during the produce season has failed to materialize this year, with the trucking industry already facing a slowdown. Normally, the period from February to July is a vital one for freight demand, but this year, several elements came together to weaken it. Among these were an excess of available trucks and a weaker demand heading into the season, coupled with an underwhelming harvest due to unfavorable weather conditions. The American Trucking Associations' data showed for-hire truck tonnage decreasing by 5.4% in March and 1.7% in April, with a small rise of 2.4% in May. These numbers also represent a year-over-year decline.
Source: Transport Topics
ATA and ACT Research report declines in U.S. truck tonnage and trailer orders in April, as economic uncertainty and tariff pressures stall recovery across freight and equipment markets.
The freight market recovery is still stuck in neutral, so what are brokers doing instead? 76% are betting on tech, automation, and efficiency to stay ahead in 2025.
Freight markets show slow recovery signs, but challenges persist. Dive into the latest tonnage, load-to-truck ratios, and order data shaping the trucking industry.
Fed Chair Jerome Powell hints at imminent interest rate cuts to support the labor market. Markets react positively as September meeting looms.
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