Constraints on capacity and bullish demand send truckload carriers rolling into 2022 with “very robust” market conditions. However, carriers remain concerned about finding drivers, higher equipment costs, tight supplies, and infrastructure delays. Times are good for carriers, but challenges remain.
“Volumes are continuing to go through the roof,” says Greg Orr, president of CFI, a unit of Canada-based TFI International, parent of North America’s 17th-largest truckload operation with roughly $500 million in revenue in 2020. In one morning in September, he reported that his operation was 115% to 120% pre-booked. CFI at one time this summer was turning down 3,000 loads per week.