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JOC TRUCKLOAD INDEX LATEST GROWTH

Truckload carriers began to add incremental capacity to meet shipping demand in the third quarter, pushing up the JOC Truckload Capacity Index by 1 percentage point to 82.7. Based on actual truck counts at a group of large publicly owned carriers, the Index has later climbed for three quarters and is now far from his lowest observed value in 2011, even though it shows that capacity at larger truckload companies is still 17 to 18 per cent below pre-recession levels set in the fourth quarter of 2006.

The Columbus, Indiana-based firm forecasts a 0.4 per cent increase in the number of active trucks. ACT Research Vice President Steve Tam expects a slight uptick in active truck capacity this year and more than 1.9% next year. According of ACT, Net Class 8 orders came in at 46200 units last months, compares with 24842 in September, 25363 in August and 30103 units in July.

By next year, freight demand may be strong enough to push the JOC Truckload Capacity index higher. The Index is now at 83% far from is lower value of 79.3 observed in the first quarter of 2013. “We haven’t really needed to add trucks; I think we’re there now”. Tam said.

A higher number of drivers to operate the future new added trucks is seeking in this time.

 

The gLAWcal Team

LIBEAC project

Tuesday, 16 November 2014

(Source: JOC.com)