Morgan Stanley sees lower truck capacity, higher rates in 2020

Transportation equity analyst Ravi Shanker outlines capacity-curbing catalysts in 2020 that could send rates to 2018 levels Friday December 13, 2019 In a report to clients, financial services firm Morgan Stanley (NYSE: MS) examines potential reasons truck supply could be constrained in 2020, causing trucking rates to climb. The firm’s transportation, retail and machinery analysts […]

Looming Canada-Wide Shavings Shortage Worries Horse Owners

By: Horse Media Group | November 4, 2019 If you have noticed that shavings are harder to find, cost more, and take longer to arrive at your barn, you are not alone. The slowed production or even closure at lumber mills across Canada, especially in BC and Quebec, is responsible, and those in the bedding industry […]

New trailer orders plunge 72% from a year ago

September 26, 2019 by Truck News COLUMBUS, Ind. – U.S. orders for new trailers rose slightly in August, but were down by 72% from a year ago amid economic uncertainty, according to ACT Research. It said original orders stood at 14,800 in August, up 7% month-over-month. “After accounting for cancellations, net orders of 10,600 hit […]

UPDATED: U.S. trucker shortage swells to 60,800 in 2018

July 24, 2019 by Truck News ARLINGTON, Va. – The U.S. driver shortage rose to 60,800 last year, up nearly 20% from 50,700 in 2017, the American Trucking Associations said in a study released Wednesday. The group warned that the shortage could hit 100,000 in five years and 160,000 by 2028. “Over the past 15 […]

Canfor temporarily shutting down lumber mills across B.C.

Low lumber prices and the high cost of fibre are the cause of curtailment, according to the company Apr. 25, 2019 Canfor has announced it will be temporarily closing down operations at almost all of its B.C. dimension mills. The company said in a news release Wednesday, it will be shutting down operations for one […]

Trailer orders officially “epic”: ACT

October 25, 2018  by Truck News COLUMBUS, Ind. – September trailer orders, totaling more than 58,000 units, were up 52% from August and 135% year-over-year, according to ACT Research’s State of the Industry: US Trailer Report. “Following the strongest July and August net orders in industry history, September results were truly epic, posting more than 58,000 […]