Freight Volumes Decreasing, Capacity Risingย
About 7% of Class 8 tractors are currently unseated, with 62% of fleets reporting that as being higher than usual, according to a survey by ACT Research.
Only 14% of responding fleets said their unseated tractor level is below average. However, the latest ACT For-Hire Trucking Index shows freight volumes are decreasing and capacity is rising, which has resulted in a balanced market.
โThe September survey showed downticks across each of the volume, productivity and capacity results, though freight rates improved from August,โ said Tim Denoyer, ACT Researchโs vice-president and senior analyst. โThe for-hire industry has secured record contract rates this year, but accelerating Class 8 tractor production and slowing freight growth are helping to rebalance the market.โ
The survey also found 55.5% of fleets are planning to buy new trucks in the next three months, an increase from 54.7% in August.
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