{"id":3369,"date":"2022-05-20T15:31:45","date_gmt":"2022-05-20T15:31:45","guid":{"rendered":"https:\/\/cantruck.ca\/is-the-freight-cycle-pendulum-swinging\/"},"modified":"2025-01-10T16:43:20","modified_gmt":"2025-01-10T16:43:20","slug":"is-the-freight-cycle-pendulum-swinging","status":"publish","type":"post","link":"https:\/\/cantruck.ca\/fr\/is-the-freight-cycle-pendulum-swinging\/","title":{"rendered":"Is the Freight Cycle Pendulum Swinging?"},"content":{"rendered":"
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Fuel prices, inflation, and global uncertainties are starting to put a drag on both trucking and the economy, according to the latest FTR Trucking Conditions Index.<\/p>\n<\/div>\n

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The freight market analyst says the index for March was negative for the first time since May 2020, caused by record diesel prices and, to a lesser extent, weakening freight rates.<\/p>\n<\/div>\n

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Although the outlook for trucking conditions generally is for modestly positive conditions, FTR said, uncertainty is rising in several key areas, including fuel costs, capacity utilization, and rates.<\/p>\n<\/div>\n

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\u201cGiven the unprecedented surge in diesel prices during early March, a negative reading for the Trucking Conditions Index was hardly surprising,\u201d said Avery Vise, FTR\u2019s vice president of trucking. \u201cFuel costs apparently will represent a big negative factor for May as well.\u201d<\/p>\n<\/div>\n

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The pendulum of the freight cycle is swinging back, said ACT Research in its latest freight forecast<\/p>\n

\u201cAs recently as the start of the year, pricing power in the truckload market was firmly with fleets,\u201d said Tim Denoyer, ACT senior analyst. \u201cBut once a pendulum gets going, it\u2019s very hard to stop.\u201d<\/p>\n

ACT reported that the supply-demand balance in its for-hire survey turned loose this month for the first time since June 2020, \u201cas the rebalancing, drawn-out by the pandemic, hit critical mass,\u00a0\u00bb Denoyer said.<\/p>\n

Spot rates for dry van and refrigerated freight have been sliding in the Truckstop.com system for most of 2022. As of its May 16 report, dry van spot rates are down about 69 cents from the record level posted at the end of 2021. Dry van rates were nearly 12% lower than the same 2021 week \u2014 but nearly 31% lower if the fuel surcharge is excluded. It\u2019s a similar story with refrigerated spot rates, down nearly $1.33 since hitting a record at the end of 2021, 16% below the same 2021 week but about 33% lower excluding the fuel surcharge.<\/p>\n

Kenny Vieth, ACT president and senior analyst, said \u201cthe economy is walking a fine line in 2022,\u201d with the effects of inflation, uncertainty about the war in Ukraine, and the impact of Chinese COVID lockdowns on global supply chains. Trucking industry profits tend to lag the freight cycle, so are likely to peak around the third quarter of 2022, he predicted.<\/p>\n

\u201cThe road ahead looks treacherous, but it is not necessarily bad for carriers,\u201d said FTR\u2019s Vise.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Fuel prices, inflation, and global uncertainties are starting to put a drag on both trucking and the economy, according to the latest FTR Trucking Conditions Index. The freight market analyst…<\/p>\n","protected":false},"author":2,"featured_media":377,"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],"tags":[30,33,613,168,2112,24],"class_list":["post-3369","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-conditions","tag-capacity","tag-freight-market","tag-ftr","tag-fuel-prices","tag-spot-rates","tag-supply-chain"],"acf":[],"_links":{"self":[{"href":"https:\/\/cantruck.ca\/fr\/wp-json\/wp\/v2\/posts\/3369","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=3369"}],"version-history":[{"count":0,"href":"https:\/\/cantruck.ca\/fr\/wp-json\/wp\/v2\/posts\/3369\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cantruck.ca\/fr\/wp-json\/wp\/v2\/media\/377"}],"wp:attachment":[{"href":"https:\/\/cantruck.ca\/fr\/wp-json\/wp\/v2\/media?parent=3369"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cantruck.ca\/fr\/wp-json\/wp\/v2\/categories?post=3369"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cantruck.ca\/fr\/wp-json\/wp\/v2\/tags?post=3369"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}