Today’s Trucking shares data from the TCP third quarter industry survey in their recent article. The survey reveals more U.S. carriers expecting to see volumes and rates grow over the coming months.
“The stronger than expected volumes of the last few months are being reported by some carriers as boding well for the fourth quarter,” according to TCP partners.
However, the article also suggests that the “proof will be in the pudding.” The economic recovery and future projections are still modest. Thus, carriers are not yet seeing their optimism on volumes and rates reflected in actual rate growth.
TCP Partner, Richard Mikes, notes, “Underlying cost rate pressure is ongoing – from new truck costs and maintenance inflation to pinched driver efficiency, from HOS changes and inadequate carrier returns.”
Read the article here.
