The latest release of ACT Research’s For-Hire Trucking Index, with August data, showed a drop in volumes and pricing, with a still-strong supply-demand balance.
Tim Denoyer, vice president and senior analyst at ACT Research, said demand remains strong despite declining volumes, which is due in part to capacity limitations from ports to trucks to trailers to drivers.
“With inventories rebuilding, strong U.S. consumer balance sheets, booming capital goods orders, and infrastructure stimulus in the pipeline, the fundamentals of the freight cycle remain positive,” Denoyer said.
