Freight Sector Nears Turning Point as Depressed Market Rebalances in May

Trade & Border IssuesHot Spots
Written By Jennifer Joslyn

⬇️ Freight Sector Nears Turning Point as Depressed Market Rebalances in May.

The freight sector is on the cusp of a turning point as the market rebalances and prepares for a rebound in business conditions, according to ACT Research. May statistics from ACT's For-Hire Trucking Index indicate that while demand remains soft, the decrease in destocking is contributing to a larger volume of available freight. The Trucking Volume Index saw a significant increase in May, suggesting that the industry is in the later stages of the freight downturn. Independent economic data from the American Trucking Associations also supports the notion of a turning point, with the For-Hire Truck Tonnage Index rising in May. Other indicators, such as the Pricing Index and Capacity Index, point to stabilization and a potential market balance in the near term.

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Jennifer Joslyn
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