ACT’s Freight Forecast: Recovery Into Constrained Capacity Drives Rates to New Highs
SEP 11, 2020 - 6:29 am
ACT Research released the September installment of the ACT Freight Forecast, U.S. Rate and Volume OUTLOOK report.
“The nearly two-year freight recession is finally ending, but the pace of capacity re-engagement is excruciatingly slow for shippers, hindered by unprecedented, if fading, stimulus,” Tim Denoyer, vice president and senior analyst of ACT Research, said. “Truckload capacity has been tight for a few months, and intermodal capacity tightness added fuel to the fire in August with West Coast imports surging. Next comes spillover into LTL. Improving freight demand from services-to-goods substitution has left inventories in need of restocking. With freight demand improving and drivers uniquely short, higher freight rates are a one-way bet at this point, and higher driver pay isn’t far off.”
The monthly 56-page ACT Freight Forecast report provides three-year forecasts for volumes and contract rates for the truckload, less-than-truckload and intermodal sectors of the transportation industry. For the truckload spot market, the report forecasts rates for the next 12 to 15 months, and this month introduced a forecast for Q4/21.
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