On Wednesday, autonomous trucking startup TuSimple went private after voluntarily delisting from Nasdaq following two years of stock and boardroom drama. FreightWaves’ Alan Adler writes, “TuSimple was the first autonomous trucking company to demonstrate driverless operations on an open highway. One of its trucks traveled 80 miles with no human on board from Tucson, Arizona, to Phoenix in December 2021.” The post Loaded and Rolling: Autonomous trucking startup TuSimple goes private appeared first
Discover three freight indicators that suggest the beaten-up freight sector may have hit bottom, including increased truck tonnage, progress in rebalancing the freight market, and stable spot shipping rates.
April 2021 Trucking Marginally Declined
Written by Steven Hansen
Headline data for the CASS Freight Index show that truck volumes show volumes slowed month-over-month - but the year-over-year growth is now in double digits. In the opposite corner, the American Trucking Association (ATA) index also declined but is finally in expansion now year-over-year.
Analyst Opinion of Truck Transport
The CASS index is inclusive of rail, truck, and air shipments. The ATA truck index is inclusive of only trucking industry member movements (ATA s tonnage data is dominated by contract freight).
I put a heavier weight on the CASS index year-over-year which is more consistent with rail and ocean freight.
Combining all leased and independent operator clients of ATBS, average earnings for the first quarter were $16,481, or 67.7 cents per mile. At that pace, the year’s average for the group would total almost $66,000. For flatbedders it d be $73K-plus.
January 2021 Trucking Improved
Written by Steven Hansen
Headline data for the CASS Freight Index show that truck volumes show volumes grew month-over-month - and the year-over-year growth advanced further in positive territory. The American Trucking Association (ATA) index improved and now is in expansion.
Analyst Opinion of Truck Transport
The CASS index is inclusive of rail, truck, and air shipments. The ATA truck index is inclusive of only trucking industry member movements (ATA s tonnage data is dominated by contract freight).
I put a heavier weight on the CASS index year-over-year which is more consistent with rail and ocean freight.
Econintersect tries to validate truck data across data sources. It appears this month that the truck employment rate of growth continues to improve. Please note using BLS employment data in real-time is risky, as their data is normally backward adjusted (sometimes significantly). Additionally, Econintersect believes that the BLS is not capturi