Trucking Industry Reports Improved Pricing Power
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Sources · 7 independent
“Old Dominion Today reporting better than expected results, J.B. Hunt the same a couple of weeks ago. They are saying their pricing power is improving because trucking capacity is declining.”
“their pricing power is improving because trucking capacity is declining.”
“They are saying their pricing power is improving because trucking capacity is declining.”
“The trucking industry is in a turnaround after three years or so of excess capacity that depressed pricing power. There's no question that in both spot and contract rates, particularly the spot rates, which are a good leading indicator, that rates are up.”
“Noelle Perry, chief economist for Truxtop.com, says he's seen prices rising. as much as 20%. It's not a COVID-era level spike, but still significant. The demand side has not shown any strength. And so the first conclusion we take about this increase is that this is a supply-side-driven, capacity-driven event. Meaning there are fewer drivers. The Trump administration's policies are the cause, he says. Tightening requirements that immigrant truck drivers be fluent in English and, as of February barring all”
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