The US trucking industry is beginning to show signs of life after one of the deepest downturns in its history, with demand picking up even as prices remain suppressed by excess fleet capacity, soaring fixed costs and increased competition for limited freight loads.
Requests for shipments in the US rose on average 9 per cent year-over-year in the second quarter of 2024. Tender rejections, a measurement of carriers’ willingness to accept loads, increased 1.3 per cent from the same period last year, meaning truckload capacity has slowly started to tighten, according to data from logistics intelligence firm FreightWaves.
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