TheTrucker.com reports that, with new hours of service regulations, in effect on July 1st, approximately 75% of carriers are expecting utilization to lower. The way shippers work to minimize the impact of these changes will also affect this tightening capacity.
“This potential reduction in truck capacity is hitting at the same time as spot rates are climbing, reflecting a stronger demand in June. Rates will likely increase further in the months ahead,” noted Richard Mikes, TCP Partner.
Full article here.
