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As Trucking Demand Craters in April, Rates Follow

from Supply Chain Dive

As Trucking Demand Craters in April, Rates Follow Supply Chain Dive Trucking companies saw less demand in April as factories shut down and stay-at-home orders led to a drop in consumer demand, outside of grocery and other essential items. As fewer shippers look to move goods, trucking companies will struggle. But the shippers left on the market could benefit from lower spot rates as a result. "We expect a supply/demand balance in the freight market to swing really sharply in favor of shippers in the short term, but then pretty sharply back towards carriers as we head into 2021," ACT Research Senior Analyst Tim Denoyer said on the call with UBS. READ MORE

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