October Reports Shows Trucking Strengthening
ACT Research, an industry research firm, announced that the trucking industry is back on the rise. The volume index they measured, which looks at the amount of loads companies hired have delivered, is up to 75 points. This is about a 20% increase from October of last year. Per their metrics, ACT says that the index is at its highest point since March of 2011. While loads are increasing, so are the prices. ACTs pricing index shows that prices also surged to 75 points, the highest since April 2011, and 22% higher than last year at this time.