The freight market is into positive territory thanks to the economy’s slow, but steady growth. TheTrucker.com cites the 3rd quarter TCP survey showing more carriers expecting volume and rate growth over the next 12 months.
Since a low point of 50 percent in third quarter 2012, positive volume expectations have risen to 61 percent. Larger carriers (68%) are much more optimistic than smaller carriers (45%).
Carriers are also more upbeat about future rate growth. Sixty-six percent of carriers expect rates will increase over the next 12 months.
Full article here.
