Fuelmakers Hoping for Higher-Than-Expected Demand in Summer
Although U.S. gasoline usage appears to be exceeding year-ago levels as cheaper prices at the pump encourage households to hit the road, cracks have started to emerge in the world’s biggest economy.
May 8, 2023Factory Output Barely Rises After Tepid Gains in Prior Months
U.S. factory output rose in October by less than expected after downward revisions to prior months, suggesting manufacturing is losing some steam as domestic and global demand moderates.
Diesel Demand Destruction Starting to Look Inevitable, International Agency Says
Unprecedented diesel prices mean that demand destruction for the fuel is probable, the International Energy Agency said.
Texas Instruments’ Forecast Signals Chip Demand Slump Is Spreading
Texas Instruments Inc., whose chips go into everything from home appliances to missiles, gave a weak sales forecast for the current quarter, indicating that the falloff in semiconductor demand is spreading beyond computing and phones.
Fed Says Price Rises Robust Amid Strong Demand, Supply Snags
The U.S. economy grew at a modest to moderate pace through mid-November while price hikes were widespread amid supply chain disruptions and labor shortages, the Federal Reserve said.
High Freight Demand Provides Momentum for Trucking Industry
Economic indicators suggest the trucking industry could be poised for growth in 2021, after the coronavirus pandemic caused a topsy-turvy year in 2020 marked by unpredictable demand and continued uncertainty in the driver pool.
Tesla Analysts Warn on Demand, Profits as Quarter Nears End
The concerns around the demand for Tesla Inc.’s cars are resurfacing as the second quarter nears a close, with Goldman Sachs analyst David Tamberrino saying volume estimates for the second half of the year and beyond appear to be high, considering there are now fewer “levers to pull to stoke demand going forward.”
May Truck Sales Fall 6%
U.S. retail sales of Class 8 trucks fell 6.1% in May, but still topped 16,000 units for the highest volume of 2017 as sales started to align with the improvement that orders and production have shown this year, experts said.
California Drought, Texas Floods Cut Produce Truck Demand
California’s drought and Texas’ floods have softened freight demand and created a more stable environment for produce shipments, in sharp contrast to 2014’s painful price spikes and capacity constraints, industry officials said.
June 8, 2015Trucking Rates Expected to Rise, FTR Index Shows
Trucking rates are expected to rise this fall as capacity tightens on regulatory effects and improved freight demand, according to FTR’s Trucking Conditions Index.
September 13, 2013