Truck Stop/TLSS: An Odyssey, Not a Sprint

研报英文原文证据摘录

Truck Stop/TLSS: An Odyssey, Not a Sprint

(both current and forward) reversed to swings in the spot market. It is disruptive to the

underperform this update, marking its third underperformance in the past four system. We need stability and consistency.

updates. However, we saw current supply sentiment outperform for the first time in Responsible capacity with reasonable rates of

the past three updates, while forward supply sentiment underperformed typical return and improved pay and working conditions

seasonality for the third time in a row. Current rate sentiment also reversed to for drivers." (Carrier)

outperform, while forward rate sentiment underperformed normal seasonality for • “I don't think we're near the top of the market yet.

the third time in a row. Additionally, we saw 2026 TL rate expectations (ex-fuel) None of the typical noise/rhetoric I'd hear from

improved slightly to +7.1% (vs. +7.0% y/y prior), returned to late June highs and shippers, carriers, brokers and other interested

back to the highest level of expectations since July 2018. The outlook is parties as the market peaks is entering the lexicon

reflected in this update's commentary, which still leans positive but has mixed yet. If the economy holds, so will this upward

views on the demand environment. All respondents continue to see a tight market trend in pricing. FMCSA, ICE, and CBP are

with elevated rates, but some note a recent plateau to "a new normal" while others continuing the pressure on unqualified and

believe demand is, and will remain, high. Carriers say driver wages are beginning to undocumented drivers. Autonomous trucks are

increase, which will be reflected in increased rates and capacity. Shippers describe still some time away from exerting downward