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ACT Research Freight Forecast: Stronger-for-Longer Freight Cycle

April 13, 2021, 07:00 AM
Filed Under: Transportation

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

Tim Denoyer, ACT Research’s Vice President and Senior Analyst, said, “With visibility on a strong freight cycle still unusually good, this month’s report analyzes how an infrastructure package would impact the freight markets in the coming years. We also incorporate the pent-up demand that is building amid parts shortages into our forecasts.”

Denoyer added, “We also discuss long-term implications from the 200,000-ton metaphor for the overreach of globalization that recently blocked the Suez Canal.”

He concluded, “Supply chain disruptions have slowed the pace of recovery in US Class 8 tractor retail sales; backlogs are very long and orders remain strong, but the industry’s ability to ramp vehicle manufacturing will be challenged into 2H’21. Ongoing shipping delays and disruptions will continue to be a major challenge in this supply-constrained freight recovery.”

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.

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