Truck capacity tightens as freight rates hold near records
Truck capacity is shrinking, with the Capacity Index climbing 1.5 points to 55.0 in June, a 43-month high.
The Freight Rate Index fell 9.5 points to a seasonally adjusted 70.2 in June, down from May’s record 79.7.
This reading ranks among the strongest in the survey’s nearly 17-year history, with market balance swinging in favor of fleets.
Tight market dynamics are likely to continue driving rates higher, with expansion expected to accelerate further in the third and fourth quarters.