The U.S. trucking industry is approaching record level spot rates, freight demand remains elevated, while the economy continues to grow at a good pace
Circle June 20 on your calendar as the day you need to free up to attend OTA’s Council Summit – the popular one-stop, industry learning and networking opportunity for OTA carriers and member suppliers.
The volume of model year 2011 to 2013 trucks sold has held steady, with 2014-model-year trucks sold outnumbering previous year models, according to J.D. Power’s Commercial Truck Guidelines for March
The value of U.S.-Canada freight flows increased 7.1% to $582.4 billion between 2016 and 2017, but the value of trucks’ share (58%) decreased by 2.4 percentage points, according to the U.S. Dept of Transportation.
While trucking activity is strong in the U.S., there are lingering threats like the acute driver shortage and talk of the U.S. pulling out of NAFTA, says ATA chief economist Bob Costello.
Associations representing manufacturers of vehicles and parts have spoken out against President Donald Trump’s plan to place a 25% tariff on steel and a 10% tariff on aluminum imports