ACT Research released the latest installment of the ACT Freight Forecast, U.S. Rate and Volume OUTLOOK report.
“Supply side constraints will keep the truckload market very tight in the near-term, as freight demand remains exceptionally strong, so the peak in spot markets remains ahead of us,” said Tim Denoyer, vice president and senior analyst, ACT Research. “The semiconductor shortages impacting Class 8 tractor supply don’t have quick fixes, and neither do the structural factors inhibiting driver supply, such as demographics and drug testing.
“This is perhaps the strongest freight market ever for carriers and the most challenging ever for shippers,” he said. “But in our view, the industry is no less cyclical, and in our three-year freight volume and rate forecast horizon, we explore the timing and magnitude of eventual rate relief for shippers.”
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 12-15 months. The Freight Forecast provides detail on the freight rate outlook, helping companies across the supply chain plan with greater visibility and less uncertainty.
For more information about ACT’s Freight Forecast, U.S. Rate and Volume OUTLOOK, click here. For information about ACT’s freight-related databases, click here.
