Tagged: MarketForecast

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Freight Demand Likely To Remain High

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…

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Freight Rates Push Vehicle Demand

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…

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Fleets Expect Strong Growth This Year

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…

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