15 Jan 2019
Last year was a very strong year for the trucking industry, and many analysts predict that 2019 will follow suit. The American Trucking Association recently released its “Freight Forecast”, predicting truck volume will grow around 2.3% annually from 2019 to 2024. Truckload rates are also expected to rise in 2019, but at a slower pace than in 2018. According to FTR Transportation Intelligence, truckload contract rates are also expected to grow anywhere from 7-10% and spot quotes from 1-5%. Accompanying these outlooks, the US Energy Information Administration states diesel fuel prices should fall from an average of $3.17 to $2.95 (per gallon).