Shipper | Market updates
Transportation Market Update
November 17, 2023: Market Data: A deceleration in demand
US Truck Loadings*
US truck loadings in September moderately lifted above the prior month, though volumes overall have been steady at low levels through the last several quarters.
- The freight market faces a prolonged period of constrained volumes due to limited demand.
Net Change in Carrier Population
New for-hire motor property authority minus net revocations of authority
Facing challenging operating conditions, the number of total carrier authorities declined by more than 1K in September.
- Net revocations in carrier authorities have declined by approximately 14K since the beginning of the year.
Active Truck Utilization, 2018 - present
Share of seated trucks actively engaged in freight hauling
September’s level of active truck utilization remained steady from the prior month as the market waits for further signs of a change in the supply and demand environment.
- More balance between supply and demand conditions in the freight market would result in gradual increases in utilization.
DAT's Van Load-to-Truck Ratio
The load to truck ratio declined further in September as the market continues to face muted freight demand.
- There are currently approximately 2.11 loads available for very truck in the market.
About the Market Update
Schneider publishes this regular transportation market update to keep you informed of freight market conditions, supply and demand influencers, and disruptions that may impact your supply chain.
This Market Review Update is intended to provide you with high-level macroeconomic and general industry data that may be relevant to your business. This update should not be used for any other purpose. This update does not state or imply anything about Schneider’s performance, results, operations, strategy, projections or plans. The purpose of this update is to relay statistical and relevant facts from various industry professionals. This update does not predict or forecast any economic or industry outcome or results. This update has been prepared on the basis of information made available by third parties; Schneider has not attempted to independently verify any such third-party information.
This report focuses overviews the Transportation Market. View the Market Update focusing on Mexico transportation here.
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