According to research firm FTR Associates, truck industry capacity is expected to remain tight through 2006 and 2007. Continued strength in manufacturing
According to research firm FTR Associates, truck industry capacity is expected to remain tight through 2006 and 2007. Continued strength in manufacturing and freight-producing sectors of the economy has led to strong truck use.
United States Class 8 capacity in use has exceeded 90% over the past nine quarters while historically averaging 88%. FTR forecasts total ton-miles to grow 2.1% in 2006 with the modal share for trucks expected to increase to 44.8% in 2006 and 45.3% in 2007.
More details about truck capacity utilization, the labor situation, and other trends are available through a new publication jointly offered by FTR and Informa Economics Inc. A sample issue of the Transportation, Logistics and Fuel Report and the Weekly Fuel Monitor Service can be obtained by accessing www.informaecon.com/transportation, or for more information, phone Doug Starks at 888-988-1699, ext 45.
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