Is it over yet? A look back at 2024 and ahead to 2025

The weak freight market that plagued 2024 also created opportunities along the supply chain. Private fleets expanded for-hire services, helping those transportation operations thrive, while for-hire fleets lost freight market share. But is that the new normal, or will 2025 see a return to more typical U.S. freight hauling patterns?

The long-term impact of this shift remains uncertain, as private fleet operating costs are typically higher than for-hire options, according to Ken Vieth, ACT Research president and senior analyst. Vieth joins FleetOwner for an end-of-year Market Pulse wrapup and to discuss what’s ahead for the trucking industry and fleets in 2025. 

See also: Trucking By the Numbers 2024

Looking ahead to 2025, the industry closely watches regulatory developments, particularly concerning emissions standards, as Donald Trump moves back into the White House with Elon Musk as a potential partner in transportation influence. Potential regulation changes could impact equipment costs and pre-buy decisions, but many unknowns are ahead for the trucking industry in 2025.

Despite uncertainties, the overall economic outlook for 2025 appears positive, with strong consumer spending and corporate profits. The industry is cautiously optimistic while examining potential challenges such as inflation and global trade policies. The video above dives into Vieth's take on what could be ahead for the industry.

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