Trucking capacity or “supply” is the hardest side of the market to measure accurately. Tender rejections, while one way to measure the tightness or looseness of capacity, indicate “relative” capacity, or capacity’s relation to demand, not absolute capacity.We believe that truck drivers leave large carriers and become owner-operators when carrier sentiment is bullish and capacity is entering the market.
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John Paul conducts research on multimodal freight markets and holds a Ph.D. in English literature from the University of Michigan. Prior to building a research team at FreightWaves, JP spent two years on the editorial side covering trucking markets, freight brokerage, and M&A.