Cota Systems’ Post

Despite challenges, the US trucking industry shows signs of resilience and potential recovery. The CASS Freight Index indicated some contraction, but month-on-month spending rose by 1.9%, and "inferred rates" saw the narrowest decline in 16 months, climbing to a six-month high. Encouragingly, Derek Leathers, CEO of Werner Enterprises, noted promising market developments and a return to normal inventory levels. Additionally, the ATA's For-Hire Truck Tonnage Index reported a 1.5% year-on-year gain for May, marking its first annual increase in 15 months. These green shoots hint at a more stable and optimistic outlook for the industry. For any North American trucking needs, reach out to our team at U.S. Traffic—we're here to support you through these dynamic times. sales@ustraffic.com https://lnkd.in/g9_3DsFU

The US trucking market remains sluggish with expected negative growth through 2024, according to the CASS Freight Index. Shipment volumes and transport spending continue to decline, despite minor improvements. Key factors include LTL traffic consolidation and private fleet expansion. #TruckingIndustry #Logistics #FreightTransport #SupplyChain #MarketTrends Read more: https://lnkd.in/gm9PJ7v9

Great news for the trucking industry! 🚚 Freight rates are on the rise for the first time in years, according to a recent article. This is a sign of a potential recovery for the US trucking industry. However, there are still challenges to overcome, such as an oversupply of trucks and low manufacturing activity. #logistics #truckingindustry #freight https://lnkd.in/dhJeEXEk

2025 freight forecast calls for growth of 1.6% up to 14 billion tons, per the American Trucking Association (ATA). This is big news after two years of a freight recession for freight transportation carriers. https://lnkd.in/gZNJYk5V #freight #trucking #shipping #supplychain

From the ongoing freight recession to economic instability and more, the past 18+ months have been a difficult time for trucking companies. Will the market rebound in the near future, and what are the trends currently taking place within the industry? Our blog takes a closer look! https://bit.ly/3vyuOAS #Trucking #Freight #FreightMarket

This article echos what I was referring to in one of my recent posts. #COVID had drastic effects on the industry. It started with a sudden drop in capacity/trucks and increase in demand, it created rates unlike many in the history of trucking. Then, like a rubber band, there was an extreme shift in the opposite direction. Capacity far exceeded demand and lead to rates that dropped to new floors. #capacity #trucking #transportation

The trucking sector is nearing balance as freight demand rises and capacity tightens, according to ACT Research Co.'s latest indices. Story by Connor D. Wolf:

We think 2025 will be a net positive for the trucking industry. The trucking industry is slowly stabilizing as freight demand improves and excess capacity shrinks. Rates show signs of recovery, but high interest rates and changing consumer spending keep demand uncertain. Carrier exits continue, which may help balance the market. https://lnkd.in/exvYG7mc

Market Rebalancing: The trucking sector is moving toward equilibrium as freight demand and capacity adjust after significant disruptions during the pandemic. Freight volumes are showing gradual improvement, but oversupply of capacity remains a challenge. Experts anticipate more carrier exits, which could help balance the market and stabilize rates in the near future. https://lnkd.in/exvYG7mc

#CapacityWednesday: The trucking industry in the Southeast is experiencing significant capacity challenges, with rejection rates soaring to their highest levels since July 2022. "While capacity remains abundant in the domestic freight market, the flow of freight is not balanced. Carriers are constantly having to rebalance their networks to account for demand shifts." 🔗: https://hubs.li/Q02DtyVN0