Wednesday, September 15, 2010

Truckload Demand, Pricing Seen Still Rising

(Journal of Commerce Online – William B. Cassidy)

Surveys show tight truckload capacity boosting rates 5% or more

Truckload carriers are reporting increasing demand for freight services and higher rates this month, a sign there may still be life in trucking’s fall peak season. Surveys by investment firm Longbow Research and Transport Capital Partners show truckload rates rising and capacity tightening since mid-August.

Longbow’s weekly Truckload Barometer, which measures demand and capacity, rose 10.5% from the previous week Sept. 14, its fourth consecutive increase. The index is up 40% since mid-August, Longbow said, despite other indications that the economy and international shipping and imports are slowing. Read more here.