Q3 Trucking Demand Remains Strong

Driven by strong demand, truck capacity is close to its highest level in 10 years. The JOC Index measures actual trucks at large publicly owned truckload carriers, and was at 92.8 in the third quarter, which is the second highest index score in the last 10 years. Only the second quarter of 2022 scored higher at 93.2.

Despite expectations of a freight recession and economic recession, analysts predict a strong first half of 2023 for the trucking industry, with gradual decreases to close out the year. 

Sources:
JOC Truckload Capacity Index dipped in Q3, but demand remains robust, Journal of Commerce, Nov 7, 2022. Accessed Nov 14, 2022.