Tight capacity industrywide continues to reflect the combination of accelerating economic activity and the lack of driver availability. Spot pricing remains high and substantial contract rate increases have been reported to support higher driver wages. Additionally, the enforcement of electronic logs in early 2Q18 could restrict capacity further.
Spot Market Trends
Historic Market Conditions
The overall freight recession, which began in March 2015, appears to be over and, more importantly, freight seems to be gaining momentum in most segments.