Market analysis
Oct 8, 2024
In 2020, the trucking industry saw some noticeable fluctuations in activity, as evidenced by the Truck Activity Index. Starting at a baseline of 100 in mid-February, the index saw small drops and rises over the following weeks, peaking at 105.3 in mid-March. However, as the world began to face new challenges, the index dropped to 88.3 by early April.
These shifts are indicative of broader industry patterns and external factors affecting trucking demand. Though the industry is resilient, these types of fluctuations can impact everything from fuel consumption to delivery schedules. The numbers show that trucking activity is dynamic, fluctuating with economic conditions, but it always remains a critical part of national logistics.