Dec 07, 2015 · Currently, everyone in the trucking market has a watchful eye on Washington, D.C., says Tommy Ruke, president of Insurance Business Consultants, Inc., who co-founded the Motor Carrier Insurance Education Foundation (MCIEF) in 2013 in order to provide face-to-face presentations, Web-based education and other resources for insurance professionals
Nov 02, 2021 · Mintel's Market Data Reports offer a quick and in-depth look at a market, providing Market Sizes, Market shares, Industry insights and 5 years forecasts. The Future of Industry Reports. Mintel's Future Of reports provide global coverage of the latest innovation across different markets, plus a look ahead at the next 2 years and 5 years.
Mix changes were likely responsible for the sequential decline. With what we're seeing in the trucking market, hearing from the rails and the parcel carriers, rates will be increasing in the second half of 2020 ahead of the holiday season, so it won't surprise us if the index improves at a faster rate than volumes the next few months.
Mar 15, 2021 · As an industry, transportation, and warehousing is the 11th largest sector in the labor market, just behind finance and insurance (6.7M employed in 2020) and just ahead of wholesale trade (6M employed in 2020). Watch the Q2 Truckload Market Forecast: Diving into the Driver Shortage Webinar On-Demand. And that labor market is not only enormous
Dec 02, 2019 · The Trucking Industry in 2019 and Looking Ahead to 2020. As the new year approaches, it's time to take stock of 2019 and set goals for 2020. To that end, the trucking industry experienced a variety of challenges in 2019. We're here to break them down and highlight ways to improve efficiencies for the new year. We're here to help you set
Mar 09, 2021 · 2020 was a tough year. The pandemic caused a lot of uncertainty in many aspects of life, including the trucking industry. However, we are hopeful because the outlook for the 2021/2022 market is positive. The Effects of 2020. The pandemic led to a substantial deviation from "normal" trends in 2020.
In 2020, the value of truck-transported trade fell 10.1% to $385.7 billion with Mexico; truck-transported trade with Canada fell 9.9% to $309.0 billion. Employment: 7.65 million people employed throughout the economy in jobs that relate to …
Trends Transforming The Trucking Industry Outlook In 2021
The Road Ahead: These slides are for general in formation/educational purposes only and shall not be conside red as specif ic advice. As such, no actio n or decisio n should be taken sole ly on the basis of the info rm ation set out herein with out obtaining specific advice from a qualified adviso r. Copyrig ht Milliman, Inc. 2020.
Mar 23, 2021 · "For shippers, the impact on cargo flows was only worsening as 2020 came to a close." Tracking Trucking Activity. In another JOC outlook article, William B. Cassidy discusses the U.S. trucking market, noting that COVID-19 fundamentally altered consumer demand in a way that worked in truckload carriers' favor. "Unable to spend money on
(6.7M employed in 2020) and just ahead of wholesale trade (6M employed in 2020). And that labor market is not only enormous, but growing. Transportation and warehousing grew by 3.2% since 2019, likely in response to the growth and market share consolidation of businesses like Amazon and Walmart.
Nov 03, 2021 · The sector added 74,500 jobs between April 2020 and September 2021, according to seasonally-adjusted Labor Department data, though overall employment in trucking remained 1.3% lower than pre
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Aug 31, 2020 · As the commercial auto insurance industry continues to struggle with a myriad of challenges that have influenced premium rates over the last decade, plus the impact of the coronavirus pandemic, the current market firming is expected to …
Trucking Industry Outlook 2021: Bumps in the Rearview, Curves Ahead. It has been a frenetic and bumpy period for the trucking industry. The Trump administration's pro-business strategies offered carriers a boost in 2018. The road ahead looked wide open, and carriers and shippers felt more optimistic. Unfortunately, optimism gave way to
Jan 27, 2020 · Expedited Trucking 2020: The State of the Industry. By Sean M. Lyden - Staff Writer. Posted Jan 27th 2020 9:03AM. For many in the expedited trucking industry, 2019 brought strong headwinds and a lot of economic pain and uncertainty, despite continued records highs in the stock market.
Trucking Through Uncertain Times: The Road Ahead MOTORINDIA's irst-in-series LIVE webinar panel saw experts from the CV value chain discours-ing on what needs to be done to emerge from the clouds of 'uncertainties' plaguing the industry for quite some time, complicated further by the on-going pandemic. The panelists spoke in uni-
We assembled the editorial team for a look back at 2020 and a look ahead at 2021. Deborah Lockridge, David Cullen, Jack Roberts, and I offer our reflections on the year just passed and the year ahead through a trucking lens -- what will this industry see from the Biden administration? How much of our long wish list will be fulfilled this year or over the next four years?
Trucking Market Update and 2020 Q1 Freight Outlook