{"id":3632,"date":"2023-11-24T16:09:46","date_gmt":"2023-11-24T16:09:46","guid":{"rendered":"https:\/\/cantruck.ca\/signs-freight-recession-improving-but-outlook-still-soft\/"},"modified":"2025-01-10T16:41:48","modified_gmt":"2025-01-10T16:41:48","slug":"signs-freight-recession-improving-but-outlook-still-soft","status":"publish","type":"post","link":"https:\/\/cantruck.ca\/fr\/signs-freight-recession-improving-but-outlook-still-soft\/","title":{"rendered":"Signs Freight Recession Improving, but Outlook Still Soft"},"content":{"rendered":"
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The North American freight recession continues to scrape along, with concerns freight demand has modestly improved but still soft, according to recent reports from economic analysts, reports Heavy Duty Trucking.<\/p>\n<\/div>\n

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\u201cDespite the monthly gain, truck freight remains soft as it continues to contract on a year-over-year basis,\u201d says ATA\u2019s Bob Costello said. \u201cThe traditional spot market remains much weaker than contract tonnage,\u201d he said.<\/p>\n<\/div>\n

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ACT Research meanwhile, said expectations are for freight markets to continue bouncing along the bottom in the near term, with some holiday volatility and a change in trajectory on the way next year.<\/p>\n<\/div>\n

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They believe retail sales will improve following a year of declines.<\/p>\n<\/div>\n

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\u201cThe acceleration in real disposable income growth as inflation slowed sharply this year, and the ongoing strong labour market, support a recovery in goods demand,\u201d said Tim Denoyer,\u00a0ACT Research VP and senior analyst. \u201cThe end of destocking, rise in imports, and recent easing in oil prices improve our confidence that peak season will end on a higher note for freight demand.<\/p>\n<\/div>\n

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\u201cWith freight volumes broadly starting to pick up, the spot market is still loose heading into winter, but we expect the trajectory of rates to shift in 2024,\u201d Denoyer said<\/p>\n

FTR\u2019s Trucking Conditions Index in September improved thanks to more stable fuel prices and modestly stronger freight demand. However, FTR analysts say market conditions remain quite tough for carriers and the outlook is for consistently negative readings into late 2024.<\/p>\n

\u201cAlthough carriers today are seeing some temporary relief due to the recent drop in diesel prices, freight rates look to improve only gradually over the next year,\u201d said Avery Vise,\u00a0FTR\u2019s vice president of trucking.<\/p>\n

Better freight volumes likely won\u2019t be enough on their own. There\u2019s still too much capacity chasing too little freight, analysts suggest.<\/p>\n

\u201cThe trucking industry continues to struggle with more capacity than is ideal given sluggish freight volume,\u201d said FTR\u2019s Vise. \u201cMany operations apparently are hanging on or maintaining driver levels in hopes of a near-term rebound, but that approach amounts to an increasingly high stakes game of chicken.\u201d<\/p>\n

Full report here<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The North American freight recession continues to scrape along, with concerns freight demand has modestly improved but still soft, according to recent reports from economic analysts, reports Heavy Duty Trucking….<\/p>\n","protected":false},"author":2,"featured_media":1282,"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":[30,1115,21,998,168,35,1187],"class_list":["post-3632","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-conditions","tag-capacity","tag-demand","tag-economy","tag-freight","tag-fuel-prices","tag-recession","tag-volumes"],"acf":[],"_links":{"self":[{"href":"https:\/\/cantruck.ca\/fr\/wp-json\/wp\/v2\/posts\/3632","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=3632"}],"version-history":[{"count":0,"href":"https:\/\/cantruck.ca\/fr\/wp-json\/wp\/v2\/posts\/3632\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cantruck.ca\/fr\/wp-json\/wp\/v2\/media\/1282"}],"wp:attachment":[{"href":"https:\/\/cantruck.ca\/fr\/wp-json\/wp\/v2\/media?parent=3632"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cantruck.ca\/fr\/wp-json\/wp\/v2\/categories?post=3632"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cantruck.ca\/fr\/wp-json\/wp\/v2\/tags?post=3632"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}