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Study Finds Positive Outlook for Trucking Industry

Posted by Genie Wood on Fri, Jul 12, 2013 @ 02:08 PM

According to the most recent study conducted by the American Trucking Association, both short- and long-term trends in the trucking industry continue to point in a positive direction. Truck freight tonnage, according to the study, increased 2.3% from April to May, and was up nearly 7% from the same period in 2012, with heavy loads in particular leading the way in the increased tonnage.

Additionally, these trends appear to be sustainable over the long term, particularly in light of new energy developments in states such as North Dakota, which are requiring substantially more freight activity to help move heavy equipment and other business components. The boosts that this type of activity can provide to the overall economy, furthermore, suggest that all sectors of trucking have the potential to see significant growth, with ATA projecting a more than 20% increase in freight volumes for all modes of trucking.

At TBS Factoring Service, we are dedicated to helping independent trucking operators get the help they need to stay on the road and in business. Contact us today at 800-207-7661 to speak with a member of our customer service staff and learn more about how our freight factoring services may be able to help you.

Tags: trucking trends, American Trucking Association, Trucking Industry