Larry Gross, Senior Consultant for FTR commented: 'Given the recent drumbeat of negative economic reports it may seem counter-intuitive to be calling for rate increases going forward.' But truckers have been reporting solid rate performance thus far this year even in the face of GDP growth of less than 1%. This indicates that freight demand and capacity are in balance. With truckers not adding capacity and barring an economic recession, we expect to see modest growth in the market as we enter the normal peak season which will keep pressure on the shipping environment. Of course we are dealing with more than the usual amount of uncertainty at the moment so we will be closely watching for signs of weakness in the coming months.'
FTR Shippers Condition Index improves slightly
posted by AJOT | Aug 21 2011 at 08:00 PM | International Trade