USA Truck, P.A.M., Other Carriers To See Best Peak Season In Years

Truckload company earnings reports for the fourth quarter are expected to show the best peak season in years, and should set up 2018 nicely as the industry looks to ride into a multi-year upcycle similar to 2004-2005, said Brad Delco, trucking/transportation analyst for Stephens Inc.

The strength in the truckload sector of the trucking industry is a result of increased demand, broad-based and peak season related, along with a capacity shortage because of the driver shortage, according to a trucking and transportation industry update by Delco. This has led to a nearly 20% increase in spot rates, from a year ago, and an improved outlook for contract rates to increase as shippers and carriers are expecting mid-to high-single-digit rate hikes in the upcoming bid season.  MORE

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