Trucking Industry Rebounds As States Reopen

It is relatively easier for heavy loads to be transported using flatbed trucking because it has no fixed roof and sides. However, the goods must not be vulnerable to rain and other weather conditions. Weather protection can be provided through a tarpaulin tied down with ropes but it might not be enough for goods that can be easily damaged by water or moisture.

Demand for trucking has made a drastic recovery in June after the lockdown but there is a still a risk of backsliding if federal stimulus funds are not renewed. According to transportation industry analysis group FTR Transportation Intelligence, trucking market conditions jumped to its highest level in a decade after many of the US regions started to reopen their economies even without a vaccine.

Demand for freight trucking was record-low in March and April but soared back in June. The reversal of the trucking industry’s fortunes has been staggering but understandable. The changes in the trucking market were tracked using 5 conditions that include freight volume, freight rate, fleet capacity, fuel price and financing. Individual metrics were combined into a single index number where a positive score means good conditions and a negative score meaning bad times.

According to FTR’s Trucking Conditions Index reading, June got a score of 11.35 which was the highest in a decade. However, Avery Vise, vice president of FTR, continued strong support will be required until a vaccine will be available. Stabilization is expected because rebuilding inventory will result to strong demand. There are also indications that carriers are starting to restore driver capacity modestly.

States have started to reopen although at different rates because they were hit by the coronavirus at different times. This has resulted to unseasonal ups and downs in consumer demand and manufacturing output. Freight demand is inconsistent at commodity and lane level leading to a spike in demand for spot freight.

The best shipment option for heavy loads like large construction components and raw materials is flatbed trucking that has more space available than a closed body. Loading and unloading of materials is quicker and more efficient through the use of forklift trucks.