Logistics Management | FTR Data Points to Decent Intermodal Market Outlook but Potential Policy Changes Loom
The objective of the ICI is to provide its viewers with an assessment of the competitive posture of domestic intermodal transport versus over-the-road truck transport, adding that it is a compendium of different factors, including relative rates vs. truck, industry capacity vs. demand, fuel prices and intermodal service levels.
A Lesson in the Skies
Is there a lesson in here for the steamship lines? The steamship lines must get creative on segmenting their service. For instance, how about a premium rate that ensures your container doesn’t get rolled, the booked voyage doesn’t get blanked, and the container is among the first to be unloaded at the destination port?
FTR Intermodal Competitive Index for December Remains in Moderately Positive Territory
FTR’s Intermodal Competitive Index (ICI) for December, at a reading of 6.98, keeps the measure in reasonably positive territory. Intermodal experienced good gains finishing up 2016. FTR expects the ICI to improve in the coming months with a more robust rate environment. However, there are more downside risks for intermodal as the year progresses, dependent upon trade policy changes under the new administration.
Trucks.com | Used Truck Values: Commercial Inventory Dipped in December
The market for heavy-duty used trucks improved slightly in December, according to a monthly analysis by Penton, an information services company. Penton’s stability index, which measures resale price capacity based on the movement of market prices and activity, inched up to 99.5 from 97.74 in November. Though average used truck values were flat from November, volume, or inventory, dropped 24 percent, which contributed to the improved outlook. Analysts attributed the decline to a year-end rush by trucking companies to restock fleets and offset expenses accrued over the year.
FTR’s Trucking Conditions Index for December Shows Decline Ahead of Bounce Expected in 2017
FTR’s Trucking Conditions Index (TCI) for December declined from November to a reading of 2.9 reflecting soft conditions that have plagued the industry, especially in the second half of 2016. The January index will likely hit a nadir ahead of a hoped-for bounce in 2017. As detailed in the February issue of the Truckers Update, FTR is confident that trucking conditions are nearing an inflection point toward the positive, with a steady increase in capacity utilization that will tighten prices as we move further into the new year.
JOC | US truckers: Strong Demand a Bulwark Against Uncertainty
Motor carriers say they can handle pending safety regulations, new technologies, and the uncertainties surrounding the Trump administration - as long as capacity utilization and freight volumes remain relatively strong this year.
FTR and CKCVR Release Comprehensive Fleet Maintenance Benchmarking Study
FTR and CKCVR have released a new comprehensive benchmarking study covering fleet maintenance practices including PM intervals, maintenance and repair part and tire costs, preferences for maintenance providers and replacement part purchases. In addition to the maintenance issues addressed in this report, it also includes valuable information regarding average age of vehicles, typical replacement cycles and other details that may be useful as benchmarking tools for North American commercial truck fleets.
FTR Reports Class 8 Orders Remain Firm in January at 21,600 Units
FTR released preliminary Class 8 net orders for January at a solid 21,600 units, continuing the remarkably consistent trend that began in October. January 2017 Class 8 orders were 20% better than January 2016. After a steady decline in order rates and backlog throughout most of 2016, the market righted itself in Q4. Class 8 orders for the past three months now annualize to 248,000 units, with backlogs expected to rise for the third straight month.
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