ACT Research: March Freight Rates Start on ‘Upswing’



ACT Research released the latest installment of its ACT Freight Forecast, U.S. Rate and Volume OUTLOOK report.

“Pushing commercial vehicle demand forward, freight rates ended February at record levels, seasonally adjusted, and started March on an upswing,” Tim Denoyer, vice president and senior analyst for ACT Research, said. “With the nation’s ports backed up for months, commodity prices soaring, the manufacturing sector warming up and the housing market already in full swing, there is unparalleled visibility to strong freight flows.”

Regarding the truckload spot rate market, Denoyer said, “We see more increases on the horizon, with a very strong freight volume pipeline and Class 8 production restrained by semiconductor and other parts shortages. We see the latest federal COVID-19 relief package adding to both freight demand and the challenges of re-engaging supply, which presses our spot rate forecasts higher this month.”


Like this story? Begin each business day with news you need to know! Click here to register now for our FREE Daily E-News Broadcast and start YOUR day informed!

Leave a comment

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
[email protected]
Susie Angelucci
Advertising: 484.459.3016
[email protected]

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.
www.abfjournal.com