The North American economy is strong, but capacity is to remain tight for the remainder of the year, according to FTR\u2019s State of Freight webinar last week.<\/p>\n
Avery Vise, VP of trucking research, said key indicators in transportation are positive. And while the spot market it hot, Vise said this is normally how things go this time of year.<\/p>\n
\u201cWe sound like a broken record,\u201d Vise said. \u201cWe\u2019re seeing full utilization, and project continuing to for the remainder of the year with only possible modest softening toward the end of the year, but not because of lower demand but because of increased infrastructural capacity.\u201d<\/p>\n
Given the capacity situation, Vise said, yes, rates are increasing.<\/p>\n
Some more good news, according to Vise, is that aggressive recruiting efforts are paying off.<\/p>\n
\u201cOver the past year the for-hire sector has added 24,000 payroll jobs,\u201d Vise said.<\/p>\n
Vise added there was a slight downturn in April, though FTR suspects this is because carriers are drivers called it quits after the soft ELD enforcement was over.<\/p>\n
\u201cGiven the demand in the market, you might think that trucking should be adding more jobs, but let\u2019s consider what trucking is up against,\u201d he said. \u201cTwo of the biggest competitors are construction and manufacturing. Between them, those sectors in the last year have added 37% of the entire payroll employment of the trucking industry. These are two of the most important sectors for freight so it\u2019s a bit of a double whammy in the driver shortage arena.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
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