Freight recession nearing end, JB Hunt says expressing customer sentiment. Inventory correction at the heart of the current freight downturn. The leaders of J.B. Hunt Transportation said Jan. 18 they are hearing from customers that…
Freight shipments climbing with a sequential uptick in trucking shipments during the 2Q. Freight payments data released in late July showed a sequential uptick in trucking shipments during the second quarter, reversing the declining trend…
The largest drivers of freight demand are consumption and production, and for the past year the growth in consumption has been unprecedented. The four largest month-over-month gains in retail sales have come since April 2020…
Record freight rates continue to push commercial vehicle demand beyond truck and trailer manufacturers’ ability to supply equipment in a timely manner, according to ACT Research. Preliminary reports indicate that February’s net order volume of…
Many publicly traded fleets are optimistic about growth this year, saying they expect rate increases ranging from high single digit to low double digits. One carrier even anticipates rate increase percentages in the mid-teens. As…
As freight volumes have risen over time, the U.S. also has seen a steady increase in the number of new for-hire trucking companies authorized each year. Over the past 20 years, the upward trend has…
A survey of shippers optimistic on freight volumes increasing this year. In its sixth annual State of The North American Supply Chain Survey, Averitt Express surveyed about 1,800 shippers from a wide variety…
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