As 2021 closed out, executives from the industry's largest fleets gathered in Nashville for the Stephens Annual Investment Conference. There, they gave analysts and investors their best guesses as to what 2022 and beyond could hold for trucking.
Forecasting has been notoriously difficult for all supply chain stakeholders, especially with the pandemic as a backdrop. But most agreed that soaring demand for transport services would continue into at least the first part of 2022. While a hot market is good for rates, with it comes added costs for carriers.
"We have shared with our customers that we have inflation; we have cost pressures that we need to share," J.B. Hunt Chief Commercial Officer Shelley Simpson said during the company's session at the conference.
This collection of articles highlights projections for the year ahead, made by leaders of six fleets: Forward Air, J.B. Hunt, Ryder, Schneider, Werner and Yellow.