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

“We’re pleased to announce the first new product since we began our partnership with DAT almost three months ago,” Tim Denoyer, vice president and senior analyst at ACT Research, said. “We’ve been forecasting DAT spot rates by trailer type for nearly four years, and this month we’ve added DAT contract rate forecasts for the dry van, reefer and flatbed markets through 2024.”

“While it’s not a particularly positive forecast for the near term, we believe the bottoming process is picking up speed and the loose market current conditions should rebalance over the course of 2023.”