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ACT Research For-Hire Trucking Index Highlights Driver Shortage

Posted by Jennifer McNealy on Sep 24, 2020 11:30:00 AM

The latest release of ACT’s For-Hire Trucking Index, with August data, showed a continuing tight trucking market, with volume and rate surges ongoing and driver availability deteriorating. August’s Volume Index rose to 67.9 (SA), and productivity was at 67.8. With capacity and driver availability in contraction territory, at 48.9 and 32.0, respectively, the combination of strong demand and tight supply pushed the Pricing Index up to 66.4, a new two-year high.

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Topics: freight, freight forecast, logistics, ACT For-Hire Trucking Index, Press Releases, supply chain, truck freight, north american trucking, commercial truck and trailer, transportation industry news, trucking, intermodal, truck freight rates, demand planning, us freight, commercial freight shipping, last mile delivery, freight rates

ACT Research For-Hire Trucking Index Highlights Driver Shortage in July

Posted by Jennifer McNealy on Aug 26, 2020 12:15:00 PM

The latest release of ACT’s For-Hire Trucking Index, with July data, showed an across-the-board downtick in the diffusion indexes after a record surge in June, although most measures remained well above the 50 neutral mark. July’s Volume Index fell six points to 64.3 (SA), while pricing and productivity were at 60.3 and 61.5, respectively. Capacity and driver availability were the two indexes in contraction territory, at 48.1 and 39.3, respectively, highlighting that driver capacity is tighter than equipment capacity.

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Topics: freight, freight forecast, freight rate, logistics, ACT For-Hire Trucking Index, Press Releases, supply chain, truck freight, north american trucking, commercial truck and trailer, transportation industry news, trucking, intermodal, truck freight rates, demand planning, us freight, commercial freight shipping, last mile delivery, freight rates

ACT Research For-Hire Trucking Index: Rebounds Continued in June, Following April’s “Worst Readings” In History

Posted by Jennifer McNealy on Jul 23, 2020 8:00:00 AM

The latest release of ACT’s For-Hire Trucking Index, with June data, showed continued and significant improvement in the diffusion index measures tracked. June’s Volume Index rose to 70.4 in June, from 19.3 in April and 50.2 in May, with pricing and productivity at 65.2 and 69.9, respectively. Capacity remained stuck in neutral, hovering near the 50 mark.

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Topics: freight, freight forecast, logistics, ACT For-Hire Trucking Index, Press Releases, supply chain, truck freight, north american trucking, commercial truck and trailer, transportation industry news, trucking, intermodal, truck freight rates, demand planning, us freight, commercial freight shipping, last mile delivery, freight rates

ACT Research For-Hire Trucking Index: May’s Rebounds to Neutral Territory Are Marked Improvement from April’s “Worst Readings” In History

Posted by Jennifer McNealy on Jun 23, 2020 5:31:58 PM

The latest release of ACT’s For-Hire Trucking Index, with May data, showed significant improvement in all five diffusion index measures tracked. May’s Volume Index rose from 19.3 in April to 50.2, with capacity also at the neutral 50 mark, and pricing and productivity both in the mid-40 range.

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Topics: freight, freight forecast, logistics, ACT For-Hire Trucking Index, Press Releases, supply chain, truck freight, north american trucking, commercial truck and trailer, transportation industry news, trucking, intermodal, truck freight rates, demand planning, us freight, commercial freight shipping, last mile delivery, freight rates

ACT Research For-Hire Trucking Index: Rates Slip Further, Volumes Lowest in Survey’s 10-Year History

Posted by Jennifer McNealy on Apr 21, 2020 2:27:01 PM

The latest release of ACT’s For-Hire Trucking Index, with March data, showed further contraction for both volumes and freight rates, now at 42.4 and 43.2 respective diffusion index readings. Productivity, while neutral at 50.0, likely was supported by the temporary pantry-stocking phenomenon.

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Topics: freight, freight forecast, freight rate, transportation, logistics, shipping, ACT For-Hire Trucking Index, Press Releases, commercial truck report, truck market, north american trucking, commercial truck and trailer, transportation industry news, trucking, intermodal, truck freight rates, demand planning, us freight, commercial freight shipping, last mile delivery, freight rates

ACT Research For-Hire Trucking Index: Rates Slip, Even as Volumes Improve

Posted by Jennifer McNealy on Mar 2, 2020 8:00:00 AM

The latest release of ACT’s For-Hire Trucking Index, with January data, showed a sustained uptick in for-hire freight volumes and utilization, with 53.9 and 52.5 respective diffusion index readings, both down slightly from December on a seasonally adjusted basis. But amid ongoing overcapacity, the Freight Rates Index slid further, to 44.8 in January.

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Topics: freight, freight forecast, freight rate, transportation, logistics, shipping, ACT For-Hire Trucking Index, Press Releases, supply chain, truck freight, north american trucking, american truck and trailer, commercial truck and trailer, transportation industry news, intermodal, truck freight rates, demand planning, us freight, commercial freight shipping, last mile delivery, freight rates

ACT Research For-Hire Trucking Index: Rates Slip Amid Strong Holiday Freight

Posted by Jennifer McNealy on Jan 22, 2020 1:18:43 PM

The latest release of ACT’s For-Hire Trucking Index, with December data, showed improvement in for-hire freight volumes and utilization, with 55.5 and 52.3 respective diffusion index readings, both up four points from November on a seasonally adjusted basis. But even as for-hire capacity contracted again, the Freight Rates Index slid to 48.7 in December.

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Topics: freight, freight forecast, freight rate, logistics, ACT For-Hire Trucking Index, Press Releases, supply chain, truck freight, north american trucking, commercial truck and trailer, transportation industry news, trucking, intermodal, truck freight rates, demand planning, us freight, commercial freight shipping, last mile delivery, freight rates

ACT Research For-Hire Trucking Index: Utilization Shifts into Reverse in November

Posted by Jennifer McNealy on Dec 23, 2019 3:30:00 PM

The latest release of ACT’s For-Hire Trucking Index, with November data, showed relatively neutral readings on for-hire freight volumes and rates, with 51.5 and 50.9 respective diffusion index readings. With a slight contraction in for-hire capacity, the supply-demand balance remained in modestly positive territory for a fifth straight month. However, the Productivity Index fell to 48.4 in November, from 53.9 in October.

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Topics: freight, freight forecast, freight rate, logistics, ACT For-Hire Trucking Index, Press Releases, supply chain, truck freight, north american trucking, commercial truck and trailer, transportation industry news, trucking, intermodal, truck freight rates, demand planning, us freight, commercial freight shipping, last mile delivery, freight rates

ACT Research For-Hire Trucking Index: Bottoming Process Underway?

Posted by Jennifer McNealy on Dec 2, 2019 10:00:00 AM

The latest release of ACT’s For-Hire Trucking Index, with October data, showed a modest Volume Index, at 52.0 (SA). October’s slower growth followed a sharply stronger 59.6 in September. The Pricing Index returned to negative territory in October, at 45.8 (SA), after recovering with volumes in September, at 52.5.

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Topics: freight, freight forecast, freight rate, logistics, shipping, ACT For-Hire Trucking Index, Press Releases, supply chain, truck freight, north american trucking, commercial truck and trailer, transportation industry news, intermodal, truck freight rates, demand planning, us freight, commercial freight shipping, last mile delivery, freight rates

ACT Research For-Hire Trucking Index: Bottoming Process Underway?

Posted by Jennifer McNealy on Oct 23, 2019 12:14:31 PM

The latest release of ACT’s For-Hire Trucking Index, with September data, showed an even stronger surge than July, with the Volume Index up to 59.6 (SA), from 47.6 in August. The September Pricing Index rebounded as well, if to a lesser degree, rising to 52.2 (SA), from 47.1 in August.

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Topics: freight, freight forecast, freight rate, logistics, ACT For-Hire Trucking Index, Press Releases, supply chain, truck freight, north american trucking, commercial truck and trailer, transportation industry news, trucking, intermodal, truck freight rates, demand planning, us freight, commercial freight shipping, last mile delivery, freight rates

About ACT Research

We're the leading publisher of industry data, market analysis, and economic forecasting services for the commercial vehicle and transportation industries.

2019 Lawrence R. Klein Award Winner: Most Accurate Economic Forecast 2015-2019

  Partner to LMC Automotive and the Chinese State Information Center

  Contributor to the Blue Chip Financial and Wall Street Journal Consensus Economic Forecast


 

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