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Rob Abbott of Fleetworthy points out that trucking has a history of continual improvement in safety, and has reduced its fatal crash rate by more than 50% since 1975.

“Overall, we expect modest contraction in our combined truckload fleet and growth in our asset-light segments," Covenant CEO David Parker said. 

ACT noted continuing concerns over moderating economic activity, weak for-hire carrier profitability and ambiguous government policy remain as challenges to trailer demand.

"September’s tonnage level was essentially the same as in September 2023, underscoring the tough freight market over the last few years,” said ATA Chief Economist Bob Costello.

The company posted net income of $7.86 million, or 5 cents a diluted share, for the three months ended Sept. 30. That compared with $30.5 million, 19 cents, a year earlier.

Mullen Group's growth strategy is driven by improving operations, and also acquisitions, the company's chairman and senior executive officer says.

U.S. Class 8 retail sales fell below the prior year for the third month in a row in September, according to Wards Intelligence data.

The Project44 2025 Annual State of Consumer Holiday Shopping Report found that 40% of consumers have capped their holiday budgets at $500 amid economic uncertainty.

The theme for this year's event, to be held Oct. 25-28 in San Diego, reflects the industry's resolve: “A United Front: Driving Policy in a New Era.” 

President Donald Trump's use of tariffs as a cornerstone of his trade agenda has added to existing market uncertainties that make investing in equipment more difficult.