The Roemer Report
This Month's Roemer Report
Trucking industry looks forward to a new, and hopefully better year
In the last half of 2019 the US trucking industry was facing down tremendous economic uncertainty. Certainly a year the industry would rather forget, 2019 was capped by both a spectacular, top-ten truckload fleet failure (Celadon) and the hard ELD deadline. All in the rear-view mirror now as they say, but industry’s watchers and analysts are expecting smoother going and few more downhills by the start of the second quarter 2020.
Strengthening seen ahead
Analysts at Argus media point out that seasonally-adjusted for-hire trucking fell in November to an index of 113.5, down by 7.2 percent from the yearly high set in July amid reports of lower demand during the fall freight season. Citing the American Trucking Association (ATA) index, Argus says the July increase was reflected in higher US diesel demand, that data point courtesy of the Energy Information Administration (EIA). In August, implied demand for distillate fuel oil, which includes ultra-low sulfur diesel (ULSD) reached 123.3 million barrels.
Argus finds that despite economic headwinds, trucking is up by 3.3 percent year-to-date compared with the same period last year. Oh and what a year it was.
If you'd like to read more of this month's newsletter, click here.
Subscribe to the Monthly Roemer Report
Enter Email Address Below
The Roemer Report Archives
As you review these archived editions of the Roemer Report, it is remarkable to see how many major ‘hot button’ issues from way back in the day have been the topics of discussion over the many years and right up to the present day. Fuel costs, Insurance, Equipment innovations, Hours of service, the driver shortage (!) safety regulations, traffic bottlenecks and more. The more things change, the more they really do seem to stay the same!
We hope you will enjoy these historical editions of the Roemer Report. Long known as “The Kiplinger Letter of Trucking” our report has been proudly produced by the Trucking Insurance Experts at Roemer Insurance for over 35 years. Roemer Insurance is the parent company of InsureMyRig and The Roemer Report has always been our way of showing our trucking clients that we support their vital industry and that we really do know the difference between a fifth wheel and a steering wheel. Enjoy!