Interest rates are rising, and all indications point toward that being an ongoing trend, but the absence of cheap loans and overall economic weakness haven't dampened motor carriers' interest in acquiring new assets like trucks and trailers.
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ACT President and Senior Analyst Kenny Vieth expects the Federal Reserve to continue aggressively raising interest rates as long as inflation remains elevated, adding "not only has the Fed telegraphed this aggressive stance, but economic data suggest the Fed has little choice. It is our view the Fed will continue on its course of tighter monetary policy as still deep-pocketed consumers and businesses drive demand for labor in structurally constrained labor markets.”
