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.”