{"id":3611,"date":"2023-10-27T16:45:04","date_gmt":"2023-10-27T16:45:04","guid":{"rendered":"https:\/\/cantruck.ca\/spring-could-bring-capacity-relief-ata\/"},"modified":"2025-01-10T16:41:57","modified_gmt":"2025-01-10T16:41:57","slug":"spring-could-bring-capacity-relief-ata","status":"publish","type":"post","link":"https:\/\/cantruck.ca\/fr\/spring-could-bring-capacity-relief-ata\/","title":{"rendered":"Spring Could Bring Capacity Relief: ATA"},"content":{"rendered":"<p style=\"vertical-align: baseline;\">Bob Costello, chief economist with the American Trucking Associations (ATA), expressed a grim economic outlook for the balance of the year, but hinted at some opportunities and relief in the near future.<\/p>\n<p style=\"vertical-align: baseline;\">\u201cThis is a unique cycle,\u201d he told attendees at the Isaac Instruments user conference. \u201cThat was the party, now it\u2019s the hangover.\u201d<\/p>\n<p style=\"vertical-align: baseline;\">As Truck News\u2019 James Menzies reports:<\/p>\n<p style=\"vertical-align: baseline;\">The good news is Costello said retail inventories are mostly worked through. Excess inventories were serving as a headwind to truck freight.<\/p>\n<p style=\"vertical-align: baseline;\">\u201cThat is a great thing for trucking that is going to be the gift that keeps on giving,\u201d Costello said of nearshoring activities. Look no further, he said, than to rising cross-border truck volumes at U.S.-Mexico crossings, even as overall freight demand diminishes. And major factories being built for semiconductor production in the U.S. itself.<\/p>\n<p style=\"vertical-align: baseline;\">Costello said the U.S. for years has \u201cexported\u201d its inflation, by moving production to low-cost China. As it brings production back to North American shores \u2013 even in Mexico- \u2013 those costs will likely rise, making it difficult to keep a cap on inflation.<\/p>\n<p style=\"vertical-align: baseline;\">Meanwhile, significant capacity has left the industry, but more needs to do so before there\u2019s equilibrium in the market.<\/p>\n<p style=\"vertical-align: baseline;\">\u201cThe trucking market is not going to turn because of demand. It\u2019s a supply side story all the way,\u201d Costello said. \u201cThe data shows there is a significant amount of capacity leaving the industry. By spring of next year, I think things will feel better in the industry even if demand doesn\u2019t pick up that much, because more supply is leaving.\u201d<\/p>\n<p style=\"vertical-align: baseline;\">While the driver shortage has softened this year, he added getting quality drivers remains a challenge for fleets. He anticipates the U.S. trucking industry is short about 60,000 drivers.<\/p>\n<p style=\"vertical-align: baseline;\">Full <a href=\"https:\/\/www.trucknews.com\/business-management\/trucking-capacity-still-too-high-but-spring-could-bring-relief-costello\/1003179070\/\">story here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bob Costello, chief economist with the American Trucking Associations (ATA), expressed a grim economic outlook for the balance of the year, but hinted at some opportunities and relief in the&#8230;<\/p>\n","protected":false},"author":2,"featured_media":1147,"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":[213,30,120,21,33,167,836,839],"class_list":["post-3611","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-conditions","category-labour-hr-driver-shortage","tag-ata","tag-capacity","tag-drivers","tag-economy","tag-freight-market","tag-freight-volumes","tag-inflation","tag-manufacuring"],"acf":[],"_links":{"self":[{"href":"https:\/\/cantruck.ca\/fr\/wp-json\/wp\/v2\/posts\/3611","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=3611"}],"version-history":[{"count":0,"href":"https:\/\/cantruck.ca\/fr\/wp-json\/wp\/v2\/posts\/3611\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cantruck.ca\/fr\/wp-json\/wp\/v2\/media\/1147"}],"wp:attachment":[{"href":"https:\/\/cantruck.ca\/fr\/wp-json\/wp\/v2\/media?parent=3611"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cantruck.ca\/fr\/wp-json\/wp\/v2\/categories?post=3611"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cantruck.ca\/fr\/wp-json\/wp\/v2\/tags?post=3611"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}