Pamella De Leon

1 week ago | ccjdigital.com | Pamella De Leon

Though truckload and less-than-trucking pricing showed signs of progress, trade policies and low consumer confidence are likely to prolong low demand and suspend freight market recovery, according to the TD Cowen and AFS Freight Index Q2 forecast. Despite a modest bump, truckload pricing remained weak in Q1, with rates showing little sign of sustained recovery.

1 week ago | ccjdigital.com | Pamella De Leon

The looming threat of tariffs continue to drive businesses to frontload inventories, adding more jobs in the transportation sector in April. Latest data from the Bureau of Labor and Statistics showed that the truck transportation sector added 1,400 jobs in April – the fourth increase in the last six months after nearly a year of job losses.

1 week ago | ccjdigital.com | Pamella De Leon

Preliminary Class 8 orders in April declined to 7,400 units, according to FTR Transportation Intelligence – a 54% decline both month-over-month and year-over-year and the lowest monthly total since May 2020 when pandemic-related shutdowns halted demand. The figure falls far short of the seven-year average for April (18,963 units). FTR reported that April’s downturn was intensified over tariffs, the economy and freight markets, which have diminished fleet investment in Class 8 trucks and tractors.

1 week ago | ccjdigital.com | Pamella De Leon

Preliminary Class 8 orders in April declined to 7,400 units, according to FTR Transportation Intelligence – a 54% decline both month-over-month and year-over-year and the lowest monthly total since May 2020 when pandemic-related shutdowns halted demand. The figure falls far short of the seven-year average for April (18,963 units). FTR reported that April’s downturn was intensified over tariffs, the economy and freight markets, which have diminished fleet investment in Class 8 trucks and tractors.

1 week ago | ccjdigital.com | Pamella De Leon

As uncertainty in the market continues, supply chain leaders are making defensive moves. According to findings from the West Monroe Quarterly Supply Chain Poll, most respondents (89%) adjusted their supply chain operations in the first quarter of the year, with more than half altering their product, materials, or sourcing mix. Seventy-eight percent increased their inventory levels, indicating a preparation for tariffs, disruption and geopolitical tensions.