The trucking industry is showing signs of stabilization as freight demand and capacity approach equilibrium, according to recent data and insights from industry experts. After years of pandemic-induced disruption, a combination of economic shifts and structural changes within the industry is gradually realigning the market. During the pandemic, consumer spending shifted heavily toward goods over services, creating a surge in freight demand and pushing rates higher. This led to an influx of new drivers and capacity. However, the subsequent freight market downturn, which began nearly two years ago, resulted in an oversupply of capacity relative to declining demand. Carter Vieth, a research associate at ACT Research, observed that freight demand trends are gradually improving, with shippers moving goods earlier due to potential dockworker strikes and tariff concerns. ACT Research’s October data showed its volume index rising 7.4 points to 56.9, while the capacity index dipped 1.1 points to… ...[TheTopNews] Read More.
2 weeks ago
