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Analysts again suggest the trucking freight cycle has bottomed out. New business starts and authority gains point to potential market improvement.
The trucking industry might finally be catching a break. Analysts say we've hit rock bottom in the freight cycle. Here's what's happening:
Monthly year-over-year percent changes over the past decade.
Source of Chart: David Taube / Source of Data: DAT
Experts are cautiously optimistic. While as we can see from the data that better days are ahead, it has still been a long while since we have seen said days:
"I'd love to see it one month positive. I'd really love to see it two months positive." - Ken Adamo, DAT Chief of Analytics
And to follow up on this:
"Our current expectation of that favorable change likely extends into 2025." - Mike Gerdin, Heartland Express CEO
While the market is showing signs of improvement, a full recovery may take time. Experts suggest looking for:
The trucking industry has weathered a longer-than-average downturn, but signs point to a potential turnaround. Keep an eye on these trends as the market navigates its way back to growth.
Source: Trucking Dive
Plus, a carrier pleading guilty to mob money laundering while still FMCSA-active, Iran's first post-ceasefire attack and what it means for diesel surcharges, FedEx Freight's first earnings as a standalone company, and more in today's newsletter.
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