Survey Finds “Persistent Strength” in TL Rates

A Bank of America / Merrill Lynch research report released this week finds that truckload rates remain stuck at all-time highs. The report summarizes its findings as follows:

Our Truckload Indicator remained resilient this week, pushing the current stretch of persistent strength to its longest stretch since we started the survey in 2012, exceeding the 2014-2015 period. Elevated new truck orders do not seem to be having a significant effect in loosening capacity tightness, in part, we believe, because of delays in production and delivery.