Continued Growth Expected For Flatbed Trucking Sector
In a May 10th freight webinar, Avery Vise, FTR vice president of trucking research shared that the key economic indicators affecting trucking are all positive, or at least neutral. One possible concern is business inventories, which have ticked up higher recently. Potential reasons for that could be related to the need to keep product closer to customers for online sales, or even a reaction to the trucking capacity shortage itself, he said, as companies hold back some slower-moving inventory.
Of course, there are a number of external factors that could affect that rosy picture, including trade tensions and rising oil and fuel prices. But overall, Vise said, we can expect continued growth in the near term.