• Home
  • Freight Quotes
    • Air Charter
    • Cross-docking
    • Warehousing
  • Tracking
  • LTL Freight Management
  • Bill of Lading
  • Mission
  • Testimonials
  • Contact
  • Blog

Call us today! 877.610.SHIP

Find our Location
[email protected]
Freight Management LogisticsFreight Management Logistics
Freight Management Logistics
  • Home
  • Freight Quotes
    • Air Charter
    • Cross-docking
    • Warehousing
  • Tracking
  • LTL Freight Management
  • Bill of Lading
  • Mission
  • Testimonials
  • Contact
  • Blog

Freight Outlook Good Despite Some Weaknesses

Home » Freight Outlook Good Despite Some Weaknesses

Freight Outlook Good Despite Some Weaknesses

April 9, 2015 Blog

 

Article credit to Evan Lockridge on TruckingInfo

While some may complain that truck freight levels haven’t taken off like a rocket since the end of the Great Recession, the fact is they have posted solid improvements, according to Jonathan Starks of the freight forecasting firm FTR.

Starks was speaking Tuesday during the company’s “Virtual Conference” webinar. There he discussed where freight levels, their positions and the economic factors behind them.

“The one thing about the trucking market in this recovery is it has been relatively stable and relatively long. Typically you get a strong year or two and then some weaker growth for a few years and then you hit some downtime,” he said. “This one has been running at 3% to 5% growth for the last five years and has a good chance of getting near 7% growth in 2016.”

That means the industry may hit a new peak in freight levels next year after hitting one in 2006.

Freight Outlook Good Despite Some Weaknesses

The reason for such optimism is that many of the same macroeconomic factors that helped freight recover the past few years are expected to continue – what Starks referred to as “freight-conomics.” More specifically, this means taking a look at the nation’s goods-producing sector, such as taking the U.S. gross domestic product and slicing out all of the non-goods producing areas and services. It also includes looking at industrial production, keeping in manufacturing, but removing activity at mines and utilities.

“You can see there is a very strong correlation with what occurs between those two numbers. Over the last four years they have been running at a steady rate of about 4% annually,” Starks said. “Our forecast has a continuation of this going forward. Obviously there is going to be volatility in the numbers. We have the expectation that we should continue to see that level of growth going forward [at least through 2016].”

Starks explained that while manufacturing numbers typically swing from month to month, since 2010, overall such activity continues growing very steadily and has been reasonably strong throughout this economic recovery.

“Recently, it has had a few down months. But those numbers are still well within the natural range it’s been operating in. The first quarter is going to look a little bit weak, but we expect that to rebound very quickly,” he said.

Article continued

Tags: commercial transporationCommercial Truck DriversCommercial TruckersFML freightfreightFreight Management Logisticstransportationtrucking
Share
0

You also might be interested in

3D Printing is Brilliant Creation but Creates Problems for Trucking Industry

Feb 6, 2015

With capacity tight and rates strong, it’s a good time[...]

U.S. DOT Unveils Its Long-Term Transportation Funding Bill

Apr 6, 2015

Article credit to David Cullen at TruckingInfo Although it’s likely[...]

om 471

Mercedes-Benz Updated 13-liter and the Next Detroit Diesel Generation

Aug 24, 2015

Article credits to Jim Park at TruckingInfo Introducing the OM[...]

Most Liked Posts

  • The importance of truck inspections By FML Freight on March 24, 2020 6
  • Trucker shortage and how it changes transportation industry By FML Freight on July 1, 2021 3
  • A Very Important Reminder of Why Truck Inspections Are Crucial By FML Freight on October 2, 2015 2

Tag Cloud

3D printing american trucking association ata Cargo Theft Charity commercial transporation Commercial Truck Drivers Commercial Truckers Crisis CSA scores Department of Transportation DOT Driver logs driver vehicle inspection reports dvir farming Federal Motor Carrier's Association's Compliance Safety Accountability fmcsa FML freight freight freight loads Freight Management Logistics illinois tollway minnesota taxes MN gas tax MN Infrastructure MN transit projects Omintracs safety performance shipping technology transportation Truck Driver Truck Drivers truck driver safety Truck Driving Accidents truck driving limits trucker rest requirements Truckers Final Mile trucking trucking regulation trucking tolls truck scale truck size whalen truck scale

[Twitter Widget Error] You need to authenticate your Twitter App first. Go to Highend Options > Social Links. Read the documentation to find out more.

Find us on

Contact Us

Send us an email and we will get back to you as soon as we can!

Send Message
Experience something completely different. Experience Freight Management Logistics Get a Quote Today!
Logo
Reliability: We do what we say and deliver what we promise.
On Time and Responsive: Our customer requests are handled immediately.
Assurance: Freight Management Logistics works consistently to maintain customer’s loyalty and confidence. By performing in a timely manner, we build trust with our customers.

Freight Q & A
Happy Customers
Privacy Policy

Contact Info

  • Freight Management Logistics
  • 4264 Norex Dr Chaska, MN 55318
  • 877.610.SHIP
  • 952.448.5631
  • sales@fmlfreight.com
  • https://www.fmlfreight.com

Fresh from blog

  • Loading and Unloading Operations
  • How To Safely Ship Fragile Items
  • Holiday Shipping Tips and Tricks: Holiday Freight Shipping Guide
  • Documents for Freight Shipping
  • Successful Cross Border Shipping Strategy
  • The ins and outs of flatbed shipping

Find us

© 2023 — Freight Management Logistics.

  • Home
  • Privacy Policy
  • Freight 101
Prev Next