ACT: Freight Volume Index Improves for Third Time in Last Four Months
SEP 16, 2016 - 7:03 am
For the third time in the past four months, the freight volume index improved in August, ACT Research reported. The recent positive shift since May suggests that even if conditions are not exactly improving, they are at least not getting worse. Prior to May, 14 of the preceding 15 readings were negative. However, the freight rate component remained negative in August, a sixth decline in the past eight months.
The big driver of the positive net capacity outcome in August was a sharp spike upward in the freight volume component of the index. Just as freight growth and capacity additions showed weakness in July, strength in both metrics in August are related to seasonality. Freight starts moving in August following plant shutdowns in July even as truckers come back to work following their own vacations.
Like this story? Begin each business day with news you need to know! Register now for FREE Daily E-News Broadcast and start YOUR day informed!
The Alta Group’s new vice chairman, Jim Merrilees, has noticed a major trend during his first six months consulting in the equipment finance industry: an inability or reluctance of many firms to innovate to attract talent during the current labor... read more
The Equipment Leasing and Finance Association has been making major moves to address the subject of diversity, equity and inclusion (DE&I) within the equipment finance industry. Recently, the ELFA hosted its first annual Equity Forum, a two-day conference in Washington,... read more