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Fleet Survey Shows Business is Great, Drivers are Scarce
Business is good, so fleets are planning to buy equipment – but many would buy more if they had the truck drivers to put in them. Courtesy CKCVR
">How's business? Better than ever, according to CK Commercial Vehicle Research's first-quarter Fleet Sentiment Report survey of trucking fleets.
Fleets were asked, “Considering all the factors that impact your company, on a scale of 1-5, in your opinion, what is the overall outlook for your fleet in the next three months?” The average keeps rising to new heights – in Q1 2018, a new record of 4.37.
Freight demand is strong at most companies in the survey.
Planned equipment purchases are keeping pace, with the CKCVR FSR Buying Index only showing a drop because it's compared to exceptional numbers in last year's fourth quarter and because fewer fleets were planning to place large trailer orders.
Nearly 60% (59.5%) of the Q1 respondents indicated they planned to place power unit orders during the first quarter, heavily weighted toward larger fleets.
“While I don't expect Q1 orders to be higher than Q4, the number of fleets that plan to place orders shows continued strength in truck demand,” noted survey author Chris Kemmer of CK Commercial Vehicle Research in the report.
Some of the things fleets are planning to add to these new orders they didn't spec previously include air disc brakes, automated transmissions, battery-powered auxiliary power units, and collision mitigation systems.
The driver shortage is still affecting two-thirds of respondents, with a number commenting that if they could find the qualified drivers, there's plenty of business for them to add trucks to put them in.
Kemmer noted that the fleets that are planning to buy power units to add capacity are mostly those involved in building and construction, “not large for-hire fleets who are most heavily beset by the continuing driver shortage.”
However, she ...Read the rest of this story
Kenworth Names 2018 Service Council
The Kenworth T370 is just one of many vocationa trucks Kenworth offers fleets. (Image courtesy of Kenworth)
">Kenworth Truck Company has named its 2018 Kenworth Service Council. According to the truckmaker, leading Kenworth service managers in the United States and Canada serve on the council, which helps to promote service and product improvements.
Members of the 2018 Kenworth Service Council are: Chairman – Wes Sage, Papé Kenworth (Portland, Oregon); Adam Burrough, Edmonton Kenworth (Leduc, Alberta); Donovan Diaz, Inland Kenworth (Fontana, California); Stefano Gabrielli, Gabrielli Kenworth (Jamaica, New York); Nicolas Letendre, Kenworth Maska (Sherbrooke, Quebec); Dan Mills, Sioux Falls Kenworth (Sioux Falls, South Dakota); Darrin Weimer, MHC Kenworth (Leawood, Kansas); Richard Williamson, Truckworx Kenworth (Birmingham, Alabama); and Kenworth Dealer Council representative Scott Oliphant Kenworth of Louisiana (Gray, Louisiana).
Kenworth PremierCare dealers help fleets and truck operators to maximize productivity by offering a full stock of parts and accessories, expert factory-trained technicians, and mobile roadside assistance.
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Fleet Survey Shows Business is Great, Drivers are Scarce
Business is good, so fleets are planning to buy equipment – but many would buy more if they had the truck drivers to put in them. Courtesy CKCVR
">How's business? Better than ever, according to CK Commercial Vehicle Research's first-quarter Fleet Sentiment Report survey of trucking fleets.
Fleets were asked, “Considering all the factors that impact your company, on a scale of 1-5, in your opinion, what is the overall outlook for your fleet in the next three months?” The average keeps rising to new heights – in Q1 2018, a new record of 4.37.
Freight demand is strong at most companies in the survey.
Planned equipment purchases keep pace, with the CKCVR FSR Buying Index only showing a drop because it's compared to exceptional numbers in last year's fourth quarter and because fewer fleets were planning to place large trailer orders.
Nearly 60% (59.5%) of the Q1 respondents indicated they planned to place power unit orders during the first quarter, heavily weighted toward larger fleets.
“While I don't expect Q1 orders to be higher than Q4, the number of fleets that plan to place orders shows continued strength in truck demand,” noted Chris Kemmer in the report.
Some of the things fleets are planning to add to these new orders they didn't spec previously include air disc brakes, automated transmissions, battery-powered auxiliary power units, and collision mitigation systems.
The driver shortage is still affecting two-thirds of respondents, with a number commenting that if they could find the qualified drivers, there's plenty of business for them to add trucks to put them in.
Kemmer noted that the fleets that are planning to buy power units to add capacity are mostly those involved in building and construction, “not large for-hire fleets who are most heavily beset by the continuing driver shortage.”
However, she said, “Because of a continued driver shortage in ...Read the rest of this story
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The semi-automatic handgun that fired accidentally inside a Los Angeles middle school classroom came from a 12-year-old girl's backpack and the single bullet tore through the wrist of another girl before ...
Intermodal Freight Numbers Finish the Year Strong
Intermodal freight volumes saw a growth rate of 5.8% year over year. Source: IANA
">Intermodal freight volumes posted a strong fourth quarter that saw a growth rate of 5.8% year over year, according to an Intermodal Association of North America report.
International volumes increased by 7.7% while domestic container volumes grew by 2.5% and trailer loads increased by 12.2%. In the fourth quarter, the seven highest density trade corridors were up 3.7%. These corridors accounted for 62% of the total volume of intermodal freight for the quarter.
The Eastern-Western Canada corridor expanded by 12.7%, exceeding all other lanes by a wide margin. Two other lanes, the Northeast-Midwest and the South Central-Southwest, reached 5% growth. The Midwest-Southwest, intra-Southeast and Southeast-Southwest lanes recorded growth of 2.4%, 2.2% and 1.0%, respectively. The Midwest-Northwest corridor volume shrank 5.2%, the only lane reflecting a decrease in volume.
"Intermodal delivered in 2017, thanks in large part to growth on the international side," said Joni Casey, president and CEO of IANA. "The imbalance between imports and international volumes during 2016 has reversed, resulting in a strong 4.7% volume gain for the year."
Traffic for intermodal marketing companies increased 16.% year-over-year in Q4, with almost all of that gain taking place in the highway segment. This is the second consecutive quarter when both intermodal and highway loadings increased. For the full year, IMC volumes were up 5.4%, with highway moves growing at about twice the pace of intermodal loadings.
Fourth quarter statistics were published in IANA's Q4 and year-end Intermodal Market Trends & Statistics report.
IANA is a trade association representing the combined interests of the intermodal freight industry.
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