Class 8 Freight Volumes Soft in October

Freight volumes in October were disappointing according to the most recent ACT For-Hire Trucking Index from ACT Research. The October survey was in line with other reports showing softer freight conditions.

“ACT Research’s for-hire freight volume index was the lowest reading since December 2012 and the first negative October reading since the inception of our survey in 2009,” said Kenny Vieth, ACT’s president and senior analyst. “Anecdotally we are hearing that shippers are coming into the market early for bids, which underscores the softening in the supply-demand dynamic as they look to take advantage of current weakness.”

Forty-five percent of the fleets in the survey reported a decrease in freight in October, a time when freight should be increasing ahead of the holiday season.

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!

Leave a comment

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
Susie Angelucci
Advertising: 484.459.3016

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.