COLUMBUS, Ind. – Trucking rates may be on the rise, according to the latest ACT For-Hire Trucking Index from ACT Research.
ACT reported its pricing index bounced to its highest reading in the past 12 months, at 52.7. A quarter of respondents reported a modest increase, with 57% seeing no change in their revenue per mile.
More fleets also indicated they plan to purchase more trucks. Forty-one per cent said they’ll be planning purchases in the next three months, while 35% of respondents said they plan to buy trailers in that period. Almost all the purchases will be new and will be used to expand their fleets, ACT reports.