The issue of capacity has been hanging over the trucking market for months at this point and executives aren’t voicing any confidence about it improving any time soon.
But the ability for carriers to add capacity is also limited by parts shortages that are holding back truck, trailer and chassis production, according to the most recent Cass freight report.
The demand for trucking volume is expected to continue moving forward as retail sales remain high and retailer inventories remain low. But analysts also see demand outside of retail. Railroads are one group that view the tight capacity in the trucking market as an upside. If truck rates become expensive enough, some shippers can shift to intermodal rail.