Shippers Face Bumpy Ride in Trucking
01.27.14 | Noël Perry and Larry Gross

Modest Growth Meets Static Capacity
Demand for trucking services has been growing at a tepid pace, and this trend is expected to continue through 2014 with expected growth pegged in the mid-2-percent range. Carriers, meanwhile, haven’t been adding capacity, opting instead to buy only sufficient new equipment to refresh their fleets and to keep average age in check. This has resulted in historically high fleet utilization.
The fleets have been refining their operations relentlessly and continue to do more with less. But rate pressure is beginning to build. Although the year-over-year figures don’t reflect it, FTR's data indicates rates, in fact, did begin to move up smartly in the second half of 2013, a trend we expect to continue through this year.
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