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Freight Forecast: Recovery into Constrained Capacity Driving Rates to New Highs

September 11, 2020, 07:05 AM
Filed Under: Trucking

ACT Research released the September installment of the ACT Freight Forecast, U.S. Rate and Volume OUTLOOK report.

Tim Denoyer, ACT Research’s Vice President and Senior Analyst, said, “The nearly two-year freight recession is finally ending, but the pace of capacity re-engagement is excruciatingly slow for shippers, hindered by unprecedented, if fading, stimulus."

He continued, “Truckload capacity has been tight for a few months, and intermodal capacity tightness added fuel to the fire in August with West Coast imports surging. Next comes spillover into LTL."

Denoyer concluded, “Improving freight demand from services-to-goods substitution has left inventories in need of restocking. With freight demand improving and drivers uniquely short, higher freight rates are a one-way bet at this point, and higher driver pay isn’t far off.”

The monthly 56-page ACT Freight Forecast report provides three-year forecasts for volumes and contract rates for the truckload, less-than-truckload and intermodal sectors of the transportation industry. For the truckload spot market, the report forecasts rates for the next 12-15 months, and this month introduced a forecast for Q4’21. The Freight Forecast provides unmatched detail on the freight rate outlook, helping companies across the supply chain plan with greater visibility and less uncertainty.

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