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.
The latest numbers from ACT Research’s For-Hire Trucking Index show that the supply and demand balance improved in July.
The Cass Truckload Linehaul Index for July indicates an increasing rate of acceleration for truckload linehaul pricing, posting the first double digit increase year over year since Cass began tracking it in 2005.
Market numbers point to a turning point in the capacity crisis, says Noel Perry.
May was another solid month for trailer orders but with weaker than projected production and bottlenecks in the supply chain, it may be a while before fleets receive their equipment.
The turnover rate at large truckload carriers increased in the first quarter of 2018, reflecting how fleets are struggling to retain and recruit new drivers as freight demand rises.
Demand outpaced capacity during the week including Memorial Day as the number of truck posts on DAT Solutions network load boards dropped 18% while load posts fell just 9% over the past week, according to newly released figures.
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.
Although the April 1 start to “hard enforcement” of the electronic logging device mandate does not seem to have had a huge effect on trucking capacity (except perhaps in flatbeds), there are a number of other factors that are working to keep capacity tight and rates high, likely at least until late this year, according to FTR.
It's hard to deny that electronic logging devices have had an effect on the trucking industry in the short time since they were mandated, but it might not be in the ways you'd expect.
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