News / US trucking market recovery stays in reverse gear further into the year

© Dm Stock Production

The long-awaited recovery of the US trucking market is showing all the qualities of an elastic band.

Despite some signals of improvement, notably a rise in tender rejection rates, the past year ended with declines in volumes and freight spend, and no immediate recovery is in sight.

Still, the American Trucking Associations (ATA) predicts an upturn for the year, with rising momentum to carry revenues to $1.46 trillion in 2035, from $906bn last year.

Through the second half of last year, market watchers ...