ACT Research Co. reports a slow recovery in the for-hire trucking market. April saw a decrease in the Volume Index, indicating challenges in the market. Private fleets are moving freight typically handled by for-hire companies. The Capacity Index also dropped, signaling difficulties for for-hire fleets amid low rates and rising costs. While private fleet capacity growth is slowing, it's important to note the complex factors at play. Overall, the trucking market is evolving, with both for-hire and private fleets navigating changing conditions. https://hubs.li/Q02yZGF40 #TruckingNews #PrivateFleets #ForHireTrucking
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📈 ACT Research Co. Reports Slow Recovery in For-Hire Trucking Market 🚚 The latest For-Hire Trucking Index shows mixed signals, with volume and capacity indices both decreasing in April. However, signs of slowing private fleet capacity additions indicate a potential market balance in 2024. #TruckingIndustry #Logistics #MarketRecovery #ACTResearch #SupplyDemand #FreightTrends #Transportation
Private fleets siphoning volume from for-hire trucking market, ACT reports
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In these trying times, the haulage industry has faced its fair share of challenges, with both small and large firms struggling to stay afloat. It is disheartening to see the erosion of legacies built through years of service and sacrifice. However, amidst the wreckage, we find solace in the resilience of the dedicated drivers and staff who've poured their hearts into every mile. Let us hold onto hope that from these trials, stronger, more innovative haulage firms will emerge, charting a course towards a brighter future. #haulage #transport #logistics
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The uptick in the latest ACT Research’s For-Hire Trucking Index suggests that the freight market is slowly recovering. May’s 12.7-point increase is the best result in 28 months, according to ACT Research analysis. https://lnkd.in/gGHew7_h #trucking #freight #recovery
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Over the years, we have had the opportunity to work with a number of trucking companies that utilize independent contractors. In this episode of the Grawe Pod, we are placing a spotlight on some dos and don’ts when utilizing independent contractors in trucking. #trucking #logistics #independentcontractors https://lnkd.in/gWr__FcD
Perspectives On Utilizing Independent Contractors Within Today’s Trucking Operations - The Grawe Group
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Buckle up...not at the bottom of the #freightrecession "While capacity is slowly exiting the industry, Vise noted the rate of exits has slowed – there was actually net carrier growth in August. But he added it will take more than a loss of capacity to improve rates, noting that will have to be complemented by an increase in freight volumes. Adding to the woes of for-hire carriers is the fact private fleets are adding capacity and pulling more of their freight in-house to avoid supply chain-related issues seen during the post-pandemic boom. Private fleets have been adding Class 8 trucks at roughly twice the rate of for-hire carriers in recent years." #heavydutytrucking #commercialtransportation https://lnkd.in/g8uPqVcc
Fleets buckle in for extended downturn, focus on internal improvements - Truck News
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[June For-Hire Trucking Index Update] - Green Shots in May For-Hire Trucking Index The latest release of ACT’s For-Hire Trucking Index continues to reflect a slowly recovering for-hire trucking market. The Volume Index increased 12.7 points in May to 54.4, seasonally adjusted (SA), from 41.7 in April. Carter Vieth, Research Analyst at ACT Research, commented, “Whether May’s volume increase will hold is an open question, but this matches the best result in 28 months. Roadcheck may have contributed to more loads going to medium and large fleets, of which our respondent base is largely comprised. Positively, freight activity is also increasing at ports, border crossings, and in intermodal volumes.” Overall, truckload volume data remain mixed, with the Cass Information Systems Freight Index® and DAT Freight & Analytics spot loads still at cycle lows. Read more from the June survey results here: https://hubs.la/Q02CNBvC0
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We want to share some interesting news with y'all "Truck transportation jobs down in May; total now matches November" by FreightWaves Here is the link: https://lnkd.in/eFAPNNjz #trucking #Transportation #newsfeed
Truck transportation jobs down in May; total now matches November
freightwaves.com
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Buckle up...not at the bottom of the #freightrecession "While capacity is slowly exiting the industry, Vise noted the rate of exits has slowed – there was actually net carrier growth in August. But he added it will take more than a loss of capacity to improve rates, noting that will have to be complemented by an increase in freight volumes. Adding to the woes of for-hire carriers is the fact private fleets are adding capacity and pulling more of their freight in-house to avoid supply chain-related issues seen during the post-pandemic boom. Private fleets have been adding Class 8 trucks at roughly twice the rate of for-hire carriers in recent years." #heavydutytrucking #commercialtransportation https://lnkd.in/gKR-TGhc
Fleets buckle in for extended downturn, focus on internal improvements - Truck News
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Got 4 minutes? That’s all it takes to master load posting on Haulage Exchange. Learn how to post on-demand, regular and daily hire loads, specify vehicle requirements and more, and get quotes from nearby couriers and hauliers. Want to see available vehicles in your area? Check out our Live Availability map: https://hubs.ly/Q02Hfq4y0 #haulageexchange #haulage #freightexchange #freightforwarders
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Raven Transport 🚛 shuts down OTR and dedicated fleets in Jacksonville, leaving 83 employees jobless, including 57 drivers, with closure deemed permanent. #sgrlogistics #jobloss #transportnews #otr #raventransport #transportclosure #logistics #transportation #logisticsmanagement #transport #transportation
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