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Latest News From Around the Web
Prices for Used Big Rigs Falling – Time for A Cash Flow Deal
J.D. Power Valuation Services reports that the average retail price for a used Class 8 sleeper, the heavy-duty tractor used for long-haul routes, has plunged about 22% to about $49,000.
Fed raises interest rates by one-quarter point – Keep an eye on the Prime Rate
The Federal Reserve raised interest rates by a quarter-point Wednesday in a widely-expected move, amid rising confidence that the economy is poised for more robust growth.
Class 8 truck orders increased last month – FTR Transportation Intelligence
Freight transportation forecasting by consulting firm FTR Transportation Intelligence indicates that orders for Class 8 trucks were up again last month.
Positive indicator for Trucking in 2017?
American Trucking Associations, the largest national trade association for the trucking industry reported in a recent press release that the turnover rate at truckload fleets with more than $30 million in annual revenue dropped two points to 81%.
CNN Money Reports that Truck drivers are getting the biggest boost in pay raises
CNN Money is reporting that wages for truck drivers grew by 7.8% last month when compared to the same time last year. According to CNN, this is the biggest jump among 60 common professions analyzed by Glassdoor.com, a job-search website. It's also far better than the...
Trucking moved more freight last month
ATA Truck Tonnage Index Jumped 5.7% in August. Index Up 5.9% from August 2015.