e Policy Renewal Survey is a survey of insurance
companies to determine if trucking fleets are expanding or contracting as they
renew, add, or subtract to policies during the prior month. The first survey in July
2019 captured activity in the first half of 2019. The second survey in August 2019
captures activity in the past thirty days (August). This survey is a leading indicator for how for-hire truck capacity is moving in and out of the freight markets. If one thinks about a fleet of 100 trucks renewing its insurance policy with 90 trucks, then this is a contraction of 10% of its fleet. On the flip side, if the same fleet adds 10 trucks then its insurance renewal would indicate a 10% expansion.

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