ACT Research reports the supply and demand dynamics in the freight market are beginning to recover. Its recent data suggests demand fundamentals improving and capacity starting to tighten may signal the industry is approaching the bottom of the freight cycle.
Veteran truckers understand the ups and downs of the freight market. They know that demand for their services tracks ahead of the general economy, completing a full cycle every 18 to 24 months.
The U.S. supply chain is healing from early pandemic shocks that sent shipping costs skyrocketing and squeezed supplies of everything from toilet paper to pasta, but more than three years later, material shortages and hiring woes linger.
Reaction to the EPA’s new heavy-duty emission standards has been swift. On Capitol Hill, Sen. Deb Fischer of Nebraska and U.S. Rep. Troy Nehls of Texas have been leading the charge against the new rules.
The U.S. supply chain is healing from early pandemic shocks that sent shipping costs skyrocketing and squeezed supplies of everything from toilet paper to pasta, but more than three years later, material shortages and hiring woes linger.
Lower produce volumes and excess truck capacity make playing the post-Covid spot market a riskier game this summer—but clever carriers can still win.
Cass Transportation Indexes reports that April saw another decline in rates, both month-to-month, and once again on a much larger scale y/y
From the COVID pandemic until spring 2022, shippers were at the mercy of a constrained market. With little to no leverage – and with goods to move – shippers paid higher rates to get their products to market.
Small operators have borne the brunt in 2023, and analysts blame bad spot rates and pricey fuel, but the losses have leaked to larger fleets of 100 trucks or more. However, this hasn’t yet put much of a dent in the huge 2020-2022 carrier surge.
Truckload freight volumes dropped and national average spot rates for dry van and refrigerated loads fell for the fourth consecutive month in April, said DAT Freight & Analytics, which operates a major online freight marketplace and the DAT iQ data analytics service.