ACT Research, the leading publisher of commercial vehicle industry data in North America, reported last week that freight rates in for-hire trucking had declined in May. It was the fourth month in a row when prices had been pressured. More and more, there is a downturn growing in the transportation sector.
Commenting on freight rates, Tim Denoyer, ACT's VP and Senior Analyst, said:
May's Pricing Index was the fourth consecutive negative, after 30 straight months of expansion. This confirms our expectation that the annual bid season is not going well for truckers…The softness coincides