The transportation industry is evolving at a faster rate, arguably, than ever before. The amount of freight needing to be hauled continues to grow, leaving a positive outlook for private fleets into the next five to 10 years.

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Exceptionally strong demand for trucking services by manufacturers, retailers and distributors is outstripping the supply of trucks and available drivers in many markets, especially during peak usage. Plus, skyrocketing for-hire carrier rates, shrinking capacity and increasing freight volumes are expected to continue, all of which are contributing to the value a private fleet can provide, the National Private Truck Council (NPTC) said in its latest benchmarking survey.

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