What can we expect in 2020? With all the uncertainty swirling around the year ahead, it can be tough to find your footing. Trade wars, oil prices, and elections have left many analysts wrestling with this question.
The U.S. trucking industry faces a supply and demand imbalance – excess equipment capacity and not enough freight – which is pressing rates lower. The freight market has been soft for almost a year and slid into freight recession in the first half of 2019.
It's no secret that truckload rates aren't where they were a year ago. We don't expect prices to reach the same levels we saw in 2018, but we've been predicting a second quarter rebound for quite some time now.