Peak Season For The Trucking Industry Arrives

Carriers should benefit from premium freight opportunities in the fourth quarter as they did last year, but leading up to peak shipping season, spot truckload demand fell from levels earlier this year, analysts said.

Volume growth across transportation modes, including truckload, rail and ocean freight, has slowed in recent months compared to the same months in 2017 when freight demand was strengthening, said senior research analyst Benjamin Hartford and research analyst Andrew Reed, both of Baird.

American Trucking Associations’ (ATA) For-Hire Truck Tonnage Index declined 1.8% in August, from July. The index rose 1.9% in July, from June. Compared to August 2017, the index rose 4.5% in August. Between January and August, tonnage has risen 7.6%, from the same period in 2017.    MORE

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