FTR: Trucking conditions continued to break records in April
Monday June 14, 2021 Trucking News and Briefs:
Trucking conditions surpass previous record in April
After a record month in March, FTR’s Trucking Conditions Index (ICT) for April hit a new high of 16.82, beating March’s record of 16.27.
While most market factors weren’t as strong in April as they were in March, a reversal in higher diesel prices in March improved overall trucking conditions, according to FTR.
The relief in fuel costs has been short lived, but FTR expects strong freight demand, coupled with high capacity utilization and robust freight rates, to maintain trucking conditions in the short term. and at least a positive figure until 2022 and possibly beyond.
“We have yet to see any signs that the driver capacity situation is changing, and May’s weak wage employment data for trucking is an indication of that,” said Avery Vise, vice-president. -President of FTR Trucking. “Over the next few months, one potential constraint – generous unemployment benefits – will end. While these benefits likely contribute to the hiring challenge, we’re skeptical that their disappearance will fundamentally change the dynamics. Given the fierce competition for the workforce – job openings in the economy are at an all time high – the trucking capacity challenge could linger longer than usual. One signal we are watching closely is the spot market. If fares and volumes start to drop, this could indicate a balance between freight demand and the capacity of route guides. “
FTR calculates its Trucking Conditions Index using five main conditions in the US truck market: freight volumes, freight rates, fleet capacity, fuel price, and financing.
Lighting maker asks FMCSA to allow pulsed lights on all trucks
Truck light maker Intellistop has asked the Federal Motor Carrier Safety Administration to allow carriers to install the company’s light module, which turns tail, ID and brake lights up to an intensity lower level lighting to higher level lighting intensity four out of two times. seconds.
Current regulations require all exterior lights to be on continuously, with the exception of turn signals, hazard lights, amber warning lights or flashing warning lights on tow trucks and oversized loads.
If granted, the Intellistop waiver would allow carriers to install its module on all commercial vehicles, including flatbed trailers and straight trucks.
The FMCSA is seeking public comment on the petition, which can be done at www.regualtions.gov by searching for File # FMCSA-2021-0048 for 30 days starting Monday, June 14.
NTTC appoints new leader
National Tank Truck Carriers has named Ryan Streblow president and CEO of the organization. Streblow was previously executive vice president of NTTC.
“We are extremely pleased to have Ryan at the helm of our organization,” said Kevin Jackson, Chairman of the Board of NTTC. “He has been instrumental in the success of NTTC since joining the ship in 2016 and has recently led our organization through an incredibly difficult time for the past 9 months as Interim President. His industry experience, leadership and vision are essential to the future evolution and growth of our organization. “
Prior to being named President and CEO, Streblow was recruited by NTTC as Vice President of Sales and Marketing in 2016, with a focus on membership promotion and financial stability. In the spring of 2019, he was elevated to Executive Vice President, where he revamped the association’s approach with membership and industry engagement.