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First-quarter 2019 GDP grew at 3.2%, and the latest guess about the second quarter is 1.7%. That latter number is a disappointment for sure, but it is not a negative, says longtime trucking economic analyst Noel Perry. But what about freight?
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In its latest For-Hire Trucking Index Report, ACT Research found downticks across each of the volume, productivity and capacity results, though freight rates have improved since August.
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The DAT Freight Index for September shows that despite a slight slump in activity, rates remain high for most trucking segments.
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FTR’s Trucking Conditions Index spiked in July reflecting the pro-carrier freight environment that is likely to remain throughout 2018.
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Truck capacity is tight, while many private and dedicated fleets have excess capacity. Lanehub says it has a solution, with a technology that allows shippers that have private fleets or use dedicated contract carriers to market their available or anticipated capacity to other shippers.
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Market numbers point to a turning point in the capacity crisis, says Noel Perry.
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Urgency to move freight before the end of the second quarter and ahead of the Fourth of July holiday helped propel the national average spot van rate to $2.32 per mile during the week ending June 30.
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National average spot market truckload rates moved slightly higher on the DAT Solutions network of load boards last week as both the number of posted loads and trucks also rose, amid signs of tighter capacity.
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While the number of spot market loads on the DAT network of load boards fell last week along with truck posts, rates changed little.
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With a steadily improving economy and sectors such as manufacturing and construction going strong, many trucking companies are finding they have more freight than they have trucks to haul – but nowhere is that more true than in the flatbed sector.
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