EPISODE 65 MAY 25 2020 Avery Vise MARKET

EPISODE 65 MAY 25, 2020

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MARKET INSIGHTS • Spot market metrics • Petroleum and fuel • Economic indicators • Orders for durable manufactured goods • Unemployment claims • Sales of new and existing homes • Mortgage rates • The week ahead Trucking Market Update – Week of May 25, 2020 3

COVID-19 RESOURCES • • FTR content related to COVID-19: www. ftrintel. com/coronavirus FMCSA/DOT webpages • • • Governmental COVID-19 websites • • • FMCSA: https: //www. fmcsa. dot. gov/COVID-19 DOT: https: //www. transportation. gov/coronavirus U. S. government: https: //www. coronavirus. gov/ Labor Department: https: //www. dol. gov/agencies/whd/pandemic SBA: https: //www. sba. gov/page/coronavirus-covid-19 -small-business-guidance-loan-resources Treasury Department: https: //home. treasury. gov/cares CDC: https: //www. cdc. gov/coronavirus/2019 -ncov/index. htm WHO: https: //www. who. int/emergencies/diseases/novel-coronavirus-2019 OSHA: https: //www. osha. gov/SLTC/covid-19/ DHS: https: //www. cisa. gov/publication/guidance-essential-critical-infrastructure-workforce FEMA Coronavirus Rumor Control: https: //www. fema. gov/coronavirus-rumor-control Other • • American Logistics Aid Network: https: //www. alanaid. org Multi. State COVID-19 Policy Tracker: https: //www. multistate. us/pages/covid-19 -policy-tracker U. S. Chamber of Commerce: https: //www. uschamber. com/coronavirus American Trucking Associations: https: //www. trucking. org/COVID 19 Truckload Carriers Association: https: //www. truckload. org/resources-for-covid-19/ National Association of Manufacturers: https: //www. nam. org/covid-19 -state-resources/ Transportation Intermediaries Association: https: //www. tianet. org/urgent-updates/ Trucking Market Update – Week of May 25, 2020 4

SPOT MARKET CONDITIONS Trucking Market Update – Week of May 25, 2020 5

Trucking Market Update – Week of May 25, 2020 6

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Trucking Market Update – Week of May 25, 2020 14

TRUCK SPOT RATES – FLATBED Weekly broker-posted rate per mile, excluding fuel surcharge $2. 80 $2. 60 $2. 40 $2. 20 $2. 00 $1. 80 $1. 60 $1. 40 $1. 20 2019 2018 5 -Yr Avg 2014 -2017 Avg $1. 00 1 2 3 4 5 6 7 8 9 10111213141516171819202122232425262728293031323334353637383940414243444546474849505152 Source: Truckstop. com, FTR; www. trans 4 cast. com Week Trucking Market Update – Week of May 25, 2020 15

Trucking Market Update – Week of May 25, 2020 16

SPOT MARKET CONDITIONS Trucking Market Update – Week of May 25, 2020 17

ENERGY PRICES Trucking Market Update – Week of May 25, 2020 18

October 3, 2018: $76. 41 Highest price since November 21, 2014 April 20, 2020: -$37. 63 Lowest price ever Trucking Market Update – Week of May 25, 2020 19

Trucking Market Update – Week of May 25, 2020 20

LATEST INDICATORS Trucking Market Update – Week of May 25, 2020 21

April 2020 Orders: $169. 9 billion Y/Y: 29. 3% M/M: 17. 2% Trucking Market Update – Week of May 25, 2020 22

April 2020 Orders: $143. 3 billion Y/Y: 9. 3% M/M: 7. 4% Trucking Market Update – Week of May 25, 2020 23

April 2020 Orders: $61. 9 billion Y/Y: 6. 3% M/M: 5. 8% Trucking Market Update – Week of May 25, 2020 24

Previous high = 6, 635, 000 in May 2009 Trucking Market Update – Week of May 25, 2020 25

Previous high = 695, 000 in October 1982 Trucking Market Update – Week of May 25, 2020 26

Trucking Market Update – Week of May 25, 2020 27

April 2020 SAAR: 623, 000 Y/Y: 6. 2% M/M: 0. 6% Trucking Market Update – Week of May 25, 2020 28

April 2020 SAAR: 653, 000 Y/Y: 3. 4% M/M: 7. 2% Trucking Market Update – Week of May 25, 2020 29

May 28 3. 15% Trucking Market Update – Week of May 25, 2020 30

SUMMARY AND PREVIEW Trucking Market Update – Week of May 25, 2020 31

MARKET INSIGHTS • • • Spot market load volumes and rates were higher. Diesel prices were higher – though only slightly – for the first time this year. Crude prices appear to have stabilized above $30 a barrel. Durable goods orders excluding transportation suffered their third-largest drop ever in April. The number of people receiving unemployment benefits finally is falling. The number of people still applying for unemployment, however, remains very high. Sales of existing homes fell about 18% in April Sales of new single-family homes ticked up slightly. Mortgage rates fell to a new all-time low. Trucking Market Update – Week of May 25, 2020 32

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