FTR Associates' Shippers Conditions Index fell from January, but rose year over year.
Paccar confirmed reports that it plans to lay off 10 percent of the work force at its Kenworth plant in Chillicothe, Ohio, in response to weakening orders.
FTR Associates released preliminary data showing March Class 8 truck total net orders were 11 percent below February.
FTR Associates’ Trucking Conditions Index for February eased very slightly to 5.9, according to the April 2012 Trucking Update.
Year's top owner-operator named, N.C., Virginia and Missouri in tolling program, FMCSA wants EOBR survey excluded and more industry news items are featured.
Driver harassment, the hours rule, Navistar's engine transision, sleep apnea regulations and more industry news items are featured.
The driver shortage resulted from a “cyclical drag,” which is the industry’s inability to recruit and employ drivers fast enough, and a “regulatory drag” brought on by new government rules.
North America Class 8 truck total net orders were 11 percent below January, FTR Associates and ACT Research reported.
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