Freight Demand Is Dropping When It Should Be Surging
These results reveal a dramatic decline in business activity right as the market should be surging. This is strong evidence that, for many carriers, the traditional rhythms of logistics are no longer dependable.
But it’s not unexpected.
The trucking industry has been in a slump for over two years now, with truckers collectively driving fewer miles in 2024 than in the year prior.
Granted, the logistics business did see a big uptick earlier in the year due to front-loading in response to the first few waves of tariffs out from the US government, but this has since fallen.
Major industry indexes such as Cass are tracking a decline in shipping, while others see shipping costs on the rise. Now, our survey data further connects the dots between expert analysis and industry data: The professionals on the ground are also providing their own perspective.
