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ACT Research: Bottoming Process Progressing, Loose Market Conditions Should Rebalance

December 15, 2022, 06:00 AM
Filed Under: Trucking

ACT Research released the December 2022 installment of the ACT Freight Forecast, U.S. Rate and Volume OUTLOOK report.

Tim Denoyer, ACT Research’s Vice President and Senior Analyst, said, “We’re pleased to announce the first new product since we began our partnership with DAT almost three months ago. We’ve been forecasting DAT spot rates by trailer type for nearly four years, and this month we’ve added DAT contract rate forecasts for the dry van, reefer, and flatbed markets through 2024.”

He added, “While it’s not a particularly positive forecast for the near term, we believe the bottoming process is picking up speed and the loose market current conditions should rebalance over the course of 2023.”

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