Freight volumes growing faster than truck capacity
COLUMBUS, Ind. – For the fourth time in the past five months, the US freight index rose faster than the capacity index, according to the latest ACT For-Hire Trucking Index from ACT Research.
The data suggests that excess equipment additions relative to freight growth have come to an end, and a rebalancing of capacity and freight is underway, ACT reports.
“Reported purchasing intentions data showed a sharp drop in September, falling to their lowest level since February, 2010,” ACT reported. “Over the last four years an average of almost 60% of respondents have reported plans to purchase in a three-month window. In September, that number fell to 30%. Though the trend has been falling for the past seven months, the September reading may be an anomaly.”
Have your say
This is a moderated forum. Comments will no longer be published unless they are accompanied by a first and last name and a verifiable email address. (Today's Trucking will not publish or share the email address.) Profane language and content deemed to be libelous, racist, or threatening in nature will not be published under any circumstances.