{"id":2091,"date":"2017-01-18T19:25:56","date_gmt":"2017-01-18T19:25:56","guid":{"rendered":"https:\/\/cantruck.ca\/truck-freight-outlook-maximum-impact-in-2018\/"},"modified":"2025-01-10T16:49:47","modified_gmt":"2025-01-10T16:49:47","slug":"truck-freight-outlook-maximum-impact-in-2018","status":"publish","type":"post","link":"https:\/\/cantruck.ca\/fr\/truck-freight-outlook-maximum-impact-in-2018\/","title":{"rendered":"Truck Freight Outlook: \u2018Maximum Impact\u2019 in 2018"},"content":{"rendered":"

Truckload rates will increase about 4% in the U.S. this year, with capacity pressure brought on by the looming ELD mandate more than compensating for an economic recovery that\u2019s become \u201cstale,\u201d contends transportation economist No\u00ebl Perry, as reported by Fleet Owner magazine.<\/p>\n

\u201cOur economy has shifted from a high-growth, high-cyclical economy to a slower-growth, more consumer-oriented economy where it grows at about 2%,\u201d Perry said Thursday, speaking for the monthly FTR State of Freight webinar<\/a> series.<\/p>\n

While he expects modest buoyancy in the economy this year, he did warn about the chance of a recession, \u201ccertainly for 2018-19.\u201d<\/p>\n

Still, an array of federal regulations \u2013 most significantly, the electronic logging device mandate that takes effect in December \u2013 will result in productivity losses in the near term, increasing the demand for truck drivers. Except, he adds, those drivers are not to be found.<\/p>\n

\u201cThe maximum impact will occur in 2018, and it won\u2019t stop until two to three years afterwards when people finally figure out they have to do it,\u201d Perry said.<\/p>\n

FTR charts truckload capacity utilization spiking at more than 100% into next year, assuming the ELD requirement \u201cis enforced with any kind of efficiency.\u201d The \u201cworst case\u201d result will be \u201ca major truck shortage\u201d lasting 4-6 months. But even this year, Perry puts the chance of a \u201csignificant\u201d capacity shortage\u00a0at 60%, with a 30% chance of a \u201creal whacko\u201d shortage.<\/p>\n

On the other hand, automation offers significant opportunities for improving efficiency in the coming decade, adding up to savings of as much as $1 per mile on the average linehaul cost, Perry estimates.<\/p>\n

\u201cRight now, a truck spends more than half its time sitting while the driver rests. If you automate that truck one way or another, you don\u2019t have to stop it to let the guy rest and it doubles his productivity,\u201d Perry said. \u201cThere\u2019s a whole bunch of things that are coming at us faster than you think.\u201d<\/p>\n

Full Fleet Owner article here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Truckload rates will increase about 4% in the U.S. this year, with capacity pressure brought on by the looming ELD mandate more than compensating for an economic recovery that\u2019s become…<\/p>\n","protected":false},"author":2,"featured_media":353,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[16,28],"tags":[30,77,21,73,33,166,613,174,35],"class_list":["post-2091","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-conditions","category-labour-hr-driver-shortage","tag-capacity","tag-driver-shortage","tag-economy","tag-elds","tag-freight-market","tag-freight-rates","tag-ftr","tag-productivity","tag-recession"],"acf":[],"_links":{"self":[{"href":"https:\/\/cantruck.ca\/fr\/wp-json\/wp\/v2\/posts\/2091","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cantruck.ca\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cantruck.ca\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cantruck.ca\/fr\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/cantruck.ca\/fr\/wp-json\/wp\/v2\/comments?post=2091"}],"version-history":[{"count":0,"href":"https:\/\/cantruck.ca\/fr\/wp-json\/wp\/v2\/posts\/2091\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cantruck.ca\/fr\/wp-json\/wp\/v2\/media\/353"}],"wp:attachment":[{"href":"https:\/\/cantruck.ca\/fr\/wp-json\/wp\/v2\/media?parent=2091"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cantruck.ca\/fr\/wp-json\/wp\/v2\/categories?post=2091"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cantruck.ca\/fr\/wp-json\/wp\/v2\/tags?post=2091"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}