The State of Truckload

Admin, January 8, 2015 08:06

The truckload sector is still holding strong with a year over year increase of ~9% in September with van rates. Even with several reports depicting companies are still hesitant on economic and global uncertainty. One of the core metrics we follow is the truck to load ratios in specific markets. This metric is a direct indicator for supply and demand.  The truck to load ratio in 2014 has held extremely strong from a carrier standpoint and has yet to get close to the supply of 2013.  This is a direct reason for van rates holding strong and steadily increasing.

The outlook on the freight industry suggest this trend is here to stay.  The American Trucking Association and HIS Global Insight is predicting a ~24% growth in tonnage and 72% increase rates over the next 20 years; as discussed here