FTR State of Freight: Steady Growth, Capacity Tightening

Regulatory shocks such as the recent change in hours of service regulations are tough on trucking, but they do tend to lead to the ability of fleets to raise rates. If the Federal Motor Carrier Administration actually promulgates the kind of regulations they say they want to, the industry can expect more shocks, perhaps a batch of them by the end of 2014.

That was a key point made by Noel Perry, managing director and senior consultant with FTR, in the company’s “State of Freight” conference call last week. “Additional hires are going to be required by FMCSA changes,” he said. “If federal agencies do what they say they’re going to do, by the third quarter of 2015, we will need to hire another 160,000 drivers.” Read the full article at