Freight Market Tightening: A Capacity Conundrum The recent spate of earnings reports from major trucking and rail carriers suggests that the freight market is still reeling from a capacity driven tightening cycle.
While some attribute this trend to surging demand, a closer examination of the data reveals a more complex narrative.
Class 1 railroads such as Union Pacific, CSX, and Norfolk Southern reported significant revenue growth, with Union Pacific boasting a 12% year over year increase.