Shippers face tighter capacity as trucking rates hold near record highs

The trucking industry is experiencing a significant supply-demand imbalance that favors carriers, according to ACT Research’s analysis of its June For-Hire Trucking Index. The Freight Rate Index declined 9.5 points to a seasonally adjusted 70.2 in June, down from May’s reading of 79.7, yet this still represents one of the strongest readings in the survey’s nearly 17-year history. Market conditions have shifted decisively in favor of freight providers this year, with researcher