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Supply Chain Graphic of the Week: Interesting Look at Truckload Capacity

Capacity has been Heading Up in 2018, Meaning Carriers are Somehow Finding Drivers

 

Aug. 16, 2019

 

The Journal of Commerce is out with its latest US truckload capacity index, and it tells an interesting tale.

 

As seen in the graphic below, capacity dipped a bit in Q2, as large, publicly owned carriers in the index group reduced their combined fleet size by 1%.

 

But that was after US truck registrations had jumped 29.1% in the first five months of 2019 on a surge of new tractor purchases, according to IHS Markit.

 

 

 

What is perhaps most interesting is the fact that capacity has really jumped since 2018 - meaning somehow carriers have been able to find enough drivers in the face of what is reported to be a crisis-level driver shortage.

 

That said, "We do believe capacity is leaving the market" Derek Leathers, CEO of Werner Enterprises, said during a July 25 earnings call. "If you look at [Class 8 tractor and truck] order rates falling as fast as they are, [and] if you look at cancellations of current builds taking place."

 

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