ACT Research: Trucking Capacity Recovering in U.S.
Truck capacity appears to be recovering in the U.S., according to November data from ACT Research’s For-Hire Trucking Index.
The underlying data for the index emerges in a monthly survey of for-hire trucking providers. Tim Denoyer, vice-president and senior analyst, said ACT’s Capacity Index also rose to its best result since May 2019, led by better driver availability. “Exemptions from vaccine mandates for most truck driving jobs may aid hiring at the margin, though dock capacity will likely be strained,” he said.
ACT’s For-Hire Pricing Index also rose “with the tempo of the holiday freight drumbeat increasing,” Denoyer added. “While capacity remains tight and rates continue to rise, the increase in driver availability indicates gradual rebalancing in the market has begun.” They weren’t the only gains. While November’s supply-demand balance was still lower than April, with freight volumes increasing more than capacity, the numbers still show a tight supply and demand environment.
Image via ACT Research
“Significant unmet demand remains in equipment markets, and the near-term outlook for freight volume remains positive,” he said.
What is The ACT For-Hire Trucking Index?
The ACT For-Hire Trucking Index is a monthly survey of for-hire trucking service providers. ACT Research converts responses into diffusion indexes, where the neutral or flat activity level is 50.
Who is ACT Research?
ACT Research is recognized as the leading publisher of commercial vehicle truck, trailer, and bus industry data, market analysis and forecasts for the North America and China markets. ACT’s analytical services are used by all major North American truck and trailer manufacturers and their suppliers, as well as banking and investment companies. ACT Research is a contributor to the Blue Chip Economic Indicators and a member of the Wall Street Journal Economic Forecast Panel.
More information can be found at www.actresearch.net.
Original article and image via trucknews.com
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