Can the hot trucking market continue?
NEWPORT, R.I. – It is a good time to be in trucking in the U.S. The economy is strong, freight needs to move, and rates are on the rise. Eric Starks, the chairman and CEO of FTR, pointed to several indicators during a business symposium for Volvo dealers and customers. The ATA Tonnage Index and FTR Loadings Index, which track absolute freight levels, are both trending upward. The flatbed market in particular has been going “crazy”, in part because of increasing demand to move pipe and fracking sand, the latter of which is moved in boxes, he said. “It’s eating up a huge amount of capacity.” Everything from consumer spending to home sales are adding to the demand.