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{"text":"A downturn in the trucking spot market has some experts warning of a looming freight recession. But should trucking be bracing for a downturn — or renewed interest in the contract market? \n\nA drop in the spot market’s load-to-truck ratio indicates lower demand for trucks. Still, it’s “not unusual to see load-posting volumes dip at this time of year,” according to a DAT analysis, as this is the time of year “when long-term freight contracts kick in for bigger carriers.”\n\nStill, the decline in spot rates have alarmed some analysts, who have pressed carriers on how they would respond if demand falls. The potential of a freight recession comes as many fleets are still struggling with driver recruitment and face higher labor, fuel and equipment costs.“What will be interesting to see is how these companies can manage their cost structures with increasing costs and buying equipment while we see, potentially, a resetting of the market down,” said Jim Nicholson, senior vice president of operations at freight technology company Loadsmart.\n\nHere is a look at what some major U.S. carriers are telling investors about what they’ve seen in the past quarter — and how they expect to fare in the event of a market downturn.","videos":"[]","link":"{}","pics":"[]","canComment":true,"externalShare":false} |
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