Reported about 9 hours ago
ACT Research's recent report reveals a significant contraction in trucking capacity, driven by a 32% reduction in tractor builds and stricter English Language Proficiency enforcement. The Capacity Index shows a decline, raising concerns about future transport demand. Despite a recent rise in freight volumes, inflation and macroeconomic pressures are stifling rate increases. Analysts suggest that while trucking capacity is shrinking, other factors are mitigating potential rate hikes, indicating a complex landscape for the industry.
Source: YAHOO