Pickett Research News Today : Breaking News, Live Updates & Top Stories | Vimarsana

January 26, 2021 More trucks competing with fewer spot market loads in the near term will put downward pressure on rates. That could continue through the year as shifting consumer habits and natural market cycles contribute to a bearish environment for spot rates. The spot market roared back to life in the months after pandemic-caused shutdowns sapped freight demand last spring, with per-mile spot rates in all three major truckload segments (flatbed, dry van and reefer) jumping every month from June to November, according to Truckstop.com's monthly averages. Dry van and flatbed rates continu...

Jan 20, 2021 Chris Pickett, of Pickett Research, foresees the current boom cycle fading early this year after the months-long acceleration in the second half of 2020: “If this cycle behaves in a way that is in any way similar to truckload cycles over the past 15 years, which I have no reason to think otherwise, I expect to see our peak by the first quarter of this year at the latest, if not the fourth quarter that we just wrapped up. And once we observe that turn in the year-over-year cycle, we can start planning for the subsequent collapse leading into the final deflationary leg of the cyc...