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The State of the Global Economy |
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C-Suite Synopsis A strong start to the fourth quarter is the result of robust underlying consumer demand and inventory restocking, especially in retail. This combination has led to a need for speed among beneficial cargo owners that is creating port congestion and other issues in the supply chain. |
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The Future of Rail & Intermodal Q&A Following The Future of Rail & Intermodal, the fourth session of the FTR Engage virtual speaking series, the FTR Experts sat down with Ross Corthell (Packaging Corporation of America) to answer listener questions beyond what was covered during the Q&A within the presentation. Topics covered in the Q&A:
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Conditions Indices & Equipment Orders |
FTR’s Trucking Conditions Index for August Reflected a Very Strong Month for Carriers
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FTR’s Shippers Conditions Index for August Reflect Weakest Shipping Conditions in Two Years
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The FTR Shippers Conditions Index (SCI) for August fell further into negative territory to a reading of -1.79. Just four months after the strongest market conditions on record, shipping conditions in August were the weakest in two years.
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FTR Reports Preliminary U.S. Net Trailer Orders for September Exploded to 52,000 Units,The Third Highest Month on Record |
FTR Reports Preliminary North American Class 8 Net Orders Surge in September to 32,000 Units
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FTR reports preliminary North American Class 8 net orders surged in September to the highest total since October 2018, hitting 32,000 units. September order activity was up 55% m/m and 160% y/y. Class 8 net orders for the last 12 months now total 197,000 units.
Fleets have renewed confidence, and the stronger than expected economic and freight recovery is spurring equipment orders. The orders are a combination of growing replacement demand and some expansion demand in those regions where capacity is tightening. The uncertainty about the pandemic continues to fade, as more sectors of the economy reopen and consumer mobility increases. |
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