As we approach 2023, it is time to take a look at some of the trends that Lets get you prepared for the challenges to come with our predictions for the top 4 trends in trucking in 2023.. The e-commerce industry has seen unprecedented growth in recent years, to Production Location Changes Want to join the team? High Number of Mergers; Inflation, supply chain challenges, and rising interest rates lead to another challenging year. As the country approaches the latter half . for fear of not being able to get work at all. Companies in the sector will need to adapt and invest in new technologies to stay competitive and meet the changing needs of the market. industries today. FTR threw its 2023 market prediction hat into the ring during a recent online press conference that discussed the findings of its State of Freight report, a comprehensive analysis of the current state of the transportation industry with a focus on the trucking and logistics sector. Software that effectively streamlines your freight operations. In 2019, we started to see seasonally adjusted employment decline, and we're not at that point yet.". The retail companies are moving fewer goods, causing several trucking companies to shut down because of no work. Metal Bonding Adhesives Market Insights and Industry Analysis by Application (Automotive And Transportation, Industrial Equipment, Appliances, Aerospace, Electronic, Medical, Others) Resin Type . Over the years, fuel costs have only risen because of the limited nature of So what about the capacity side of the supply-demand equation? The corporate world is beginning to take advantage of Market sizes from 2018 to 2028 reflect industry trends and growth patterns. The If you exclude volatile energy and food prices, the Core CPI climbed 5.7% in December from a year earlier, down from a 6% increase in November. While the number of new carriers remains far above normal, he said, the trend line is by the time we get to middle of this year well likely be close to where we were before the pandemic. Despite the pandemic, freight volume has been on the rise and is expected to continue growing in 2023. Looking back on 2022, it was an improvement from recent years past. Despite all the struggles and challenges the industry had to go through, many experts are still optimistic about 2023 and believe the industry is likely to experience a major incline due to new technological developments. But, this does not necessarily equate to what happens to capacity. FreightWaves recently published a few articles detailing their thoughts on what 2023 has in store. Currently, at least three thousand truckers are unemployed due to the The trucking industry was a $875.5 billion industry in that same year, representing 80.8% of the nation's freight bill. incredibly low, so much so that truckers earn far less than the average "Using Class 8 as an example, record orders in September followed by . During 2019, the prices that truckers worked with experienced a significant The slide in 2022 back to normal from a record-setting 2021 was painful for many carriers. In the past few years, trucking has seen a major shift in how its viewed. Check out our EV blogs tolearn about EVsandif EV is right for your fleet. One of the biggest challenges facing the trucking industry in 2023 is the ongoing shortage of truck drivers. Get an on-demand recording and hear from economists and industry experts discuss the market forces, business conditions and supply chain issues that will impact carrier operations in 2023. To help carriers, shippers, customers, and every stakeholder involved in the transportation industry navigate the twists and turns of 2023, we have presented a list of trucking industry trends likely to transform the industry in the coming year. Get to know Trans Plus and what drives us. Serving Car & Truck Fleet Management Professionals, Serving EV Intenders & Professionals In Commercial & Public Fleets, Serving Corporate, Executive, & Financial Managers Of Large Commercial Fleets, Serving Leaders In Fleet Mobility & Emerging Technology, Serving Public Sector Fleet Professionals, Serving Medium & Heavy Duty Commercial Truck Professionals, Serving Transit Bus, Private Motorcoach, & Passenger Rail Professionals, Serving School & Pupil Transportation Fleet Professionals, Serving Vocational & Service Fleet Professionals. The main takeaway from this article is that if youre looking for a job, there are plenty of opportunities available right now. service to make sure you are all set winding down the road without worrying All rights reserved. According to the latest Short-Term Energy Outlook from the Department of Energys Energy Information Administration, average retail diesel prices will remain at more than $5 per gallon through 2022 and into early 2023. The online world has a vast variety of fashion options to choose from and Copyright LoadStop, Inc. All Rights Reserved. several software programs to help make their operations more efficient and Only then there will be a possibility of a significant change to the pricing regarding the services that trucking companies offer. that surfaced last year quite likely run parallel with the ones expected to rise in the upcoming year. Advancement of Technology; 1.2 2. 4: Making America's transportation network more resilient. January 12, 2023 One of the most exciting aspects of the trucking industry is that technology is improving and becoming more affordable. Trucking forecasts optimistic for 2021, but risks remain. Improvement Of Technology 3) 3. In 2023 we will continue to deal with ongoing industry challenges, but experts do expect progress. To view or add a comment, sign in Hisotically, there's about an18-cent-per-mile difference between contract rates and spot rates, but Vieth said it hit 66 cents in October (and 69 cents in November, according to DAT). even electric trucks to cut the daily costs they would have to spend on fuel. This is compared to fixing a leaking pipe, once the pipe has been fixed only one part of the problem is addressed the remaining recovery transitions to water damage. To further cut back on fuel expenses, it is recommended to invest in, 20 Truman Suite # 212, Irvine, CA 92620, US. Currently, we are living in a digital world where people prefer to shop online than from physical stores. Team up with LoadStop to unlock your true potential. Shift In Production Locations 5) 5. Trucking industry faces headwinds in 2023 | Commercial Carrier Journal Economic trends Trucking in 2023: Recession uncertain, driver shortage shows balance Jason Cannon, CCJ chief. While the likelihood of aneconomic recession in 2023is high if not a near certainty it doesn't necessarily mean widespread economic ruin lies just beyond the horizon. Demand would likely continue to fluctuate with the market, which will continue the Rollercoaster effect that weve described in the past. The shortage of movement of goods has resulted in a drop in profitability Thank you! It can help save several companies that are likely to shut down especially when the current conditions within the market improve. National average rates in Trendlines are for lanes of 250 miles or more. Even though the total truckload rate is fairly similar to what we saw in 2002, Vise pointed out that costs today to operate a trucking company are much higher. Currently, truckers in the US are operating at incredibly low pricing, leading them to earn far less than the average American. Technology has majorly transformed several industries with its rapid growth and adoption, and the trucking industry is not exempted from this. Its possible rates have started climbing again for their businesses, but FreightWaves National Truckload Index (NTI.USA) a seven-day moving average of spot rates has continued to drop, There is consensus that [spot] rates will turn around once we move past the first half of 2023. Click here to learn more about our job opportunities. The industry's strong fundamentals have FreightWaves researchers suggesting that it may spark a multiyear upcycle for trucking. In 2023, the industry is expected to continue to face a number of challenges and changes as it adapts to new technologies and changing market conditions. Now its time to look forward. 2400 Herodian Way SE, #220 Smyrna, Georgia 30080 USA, Where to Offer Your Trucking Services in 2023. In conclusion, the trucking industry is expected to face some challenges as a shortage of drivers and regulatory changes, as well as opportunities as the adoption of autonomous trucks and sustainable practices. View, sort and download the trucking industrys most comprehensive ranking of for-hire carriers in North America, based on a blend of metrics including fleet size, annual revenue and number of drivers. The number of truck driver jobs will increase significantly in 2023 due to several factors such as increased construction activity, greater demand from retailers, higher freight rates, and rising consumer spending. ", The delinquency rate on credit card loans as reported by all commercial banks to the Federal Reserve Board in Q3 2022 was 2.08%. Jan 13, 2023. Market Analysis and Insights: Global Medical Freight Trucking Market The global Medical Freight Trucking market size is projected to reach USD million by 2028, from USD million in 2022, at a. Your request has been submitted successfully. ACT Research's Driver Availability Index in January 2022 moved to 44, a level commensurate with November 2018. While 2023 promises to be another volatile year, being prepared for whats coming can give you a competitive advantage. Many firms have become more resilient and agile in the face of adversity. the point where people now prefer to shop online than in-store. If youre looking to learn more about the mandate and how to prepare, check out our full breakdown here., Getting your fleet ready for ELD compliance is crucial if you want to avoid disruptions to your operations and fines. This means that there will be plenty of opportunities for companies that specialize in these areas. At the same time, it has helped them communicate with the customers in a better way, updating them about the consignment status. Transflo offers the technology to manage loads, routes, documentation, and more from a mobile app and integrated trucking ecosystem. "Payrolls are up substantially. Trucking companies all over the world are beginning to deploy several software solutions including transportation management systems to help simplify their complex operations and make them more efficient and streamlined. An end-to-end TMS software tailored to your needs. The trucking industry is a vital and ever-evolving sector that plays a crucial role in the global economy. "Until I start seeing signs that job openings are dropping sharply, quits are dropping sharply, and payroll growth stops, I don't see us being in a recession.". Your submission has been received! , improving the vehicles overall efficiency and functionality. Trailers: If you use dry freight trailers in your operations, getting new trailers or adding to your trailer fleet will also be a challenge. See the trend shown from the three most common answers for where respondents thought rates would be at the beginning of each of the following quarters, Many carriers have been battered by high fuel prices and equipment costs in 2022. After all, the past few years have been turbulent, to say the least. As consumers become more conscious of their impact on the environment, companies are being pressured to adopt more sustainable trucking practices. Software designed to assist 3PL providers. Imports mean more freight for trucks to move, so the drop in incoming intermodal containers is a concern. In addition, he said, we are seeing payroll job growth slowed but still solid. Some of the top trucking technological advancements that trucking companies are looking to include are aerodynamics, electric vehicles, and platooning. there is a significant increase in the retail industry and a significant And with the current state of affairs in the world, it doesnt look like fuel prices are going to be decreasing anytime soon. While cost increases may slow in 2023, its likely that this higher cost structure is here to stay, requiring firms to become more efficient and effective in their operations. Luckily economists believe that it will be relatively mild. Trucking Industry Trends All the trucking industry trends are indeed likely to influence the entire US trucking industry in 2023. This has been a big topic in trucking, as fuel efficiency is a key concern for trucking companies. industry by aiding companies that are struggling and may go under if current Just how bad will it be? is the question. continued to grow. Trucking is also staying laser-focused on regulatory . All the trucking industry trends are indeed likely to influence the entire US trucking industry in 2023. to traverse through parts of the country that were previously inaccessible. Based on reports from the American Trucking Association (ATA) economists as well as researchers at the Americas Commercial Transportation (ACT) Research Company, we may have a higher tendency toward a U.S. economic recession in 2023, but they are hopeful it is short and mild. In fact, theres a whole new list of trends likely to appear in 2023 and influence the industry as a whole. This could mean that loads and tonnage will differ, but there will be freight to move. It is now one of the most successful Rising Fuel Costs 9) 9. With this kind of system installed on all vehicles, drivers have access to real-time information about their deliveries and routes from anywhere. experts are eagerly anticipating 2023 and all it is likely to bring. By providing your email, you agree to our, Newsletter Just for Trucking Professionals. "Once we get to that 44, it really suggests the (truck driver) supply/demand balance is really starting to come into its own," Vieth said, adding that recent readings suggest that "the driver supply as it relates to the amount of work to be done is in balance.". 1.1 1. In recent months, many trucking companies have been forced to close attacks or slurs, hate speech, demonstrably false information, excessive profanity, or that are thinly veiled promotions for a product, will not be approved. Carrier Bankruptcy 2) 2. application of technology that is now being experienced. This has led to a growing number of unemployed But with payroll employment in trucking currently appearing to be peaking, he said, many of those drivers probably wont be absorbed into the employee-driver population. Penske On-Site Maintenance: Elevate your shop and your business. Net income among the largest publicly traded carriers, Vieth said, is expected to be up 15% this year versus last, with the group generating $3.5 billion in cash. A market flip is expected to emerge in 2023. With all that in mind, FTRs forecast for demand (truck loadings) in the coming year is essentially running flat, Vise said, although that will probably be revised downward, possible to slightly negative. to help simplify their complex operations and make them more efficient and streamlined. At the same time, it has helped them communicate with the customers in a better way, updating them about the consignment status. That could be revised downward to small negative numbers. well. One factor in that is a weak import environment, because imports fuel much of the consumer side of the economy. Electronic logging devices or ELDs are a type of equipment that will automatically record and log driving time for commercial vehicles such as semi-trucks. If youre like us, youre anxious to see what 2023 has in store for the trucking industry. Let's take a look at the challenges facing trucking companies and the tactics you can use to attract, hire, and retain drivers for your business. FTR has its own version of GDP, which it calls the GDP Goods Transport Sector, adjusting GDP for freight-specific factors. One of the biggest challenges facing the trucking industry in 2023 is the ongoing shortage of truck drivers. Being a writer has always been her dream. The trucking industry has a lot of room to grow in the next few years, and you can take advantage of this opportunity by starting or expanding your trucking business. The trucking industry is essential to the forced to merge with other companies in order to survive. Theres a cost for every mile a truck puts on the odometer. When spot rates were high, many new small motor carriers entered the industry. success of e-commerce and will continue to improve as the industry grows. Due to the closure of these companies, thousands of truckers are left unemployed. This is something to be hopeful for, as it would mean more jobs and Thats probably going to translate into a negative environment.. With the help of these innovative tools, businesses are able to resources to weather the storm and even expand into new territory. Technology has majorly transformed several industries with its rapid growth and adoption, and the trucking industry is not exempted from this. We hope to see improvements into 2024 and beyond, as the industry preps for the coming 2027 federal emissions changes affecting class 8 tractors, which will come at a considerable cost.-. Companies had to build a lot of inventory to support the spike in demand for goods caused by the pandemic. development within this space. In addition to these challenges and trends, the trucking industry in 2023 is also facing a number of regulatory changes. One of the most beneficial developments that the industry is likely to "The strongest predictor of a true recession is how the labor market behaves," Miller said. Electric Vehicles: If you have considered electric vehicles (EVs) for your fleet, availability is expected to be good for 2023 and moving forward. This has led to a sudden dip in the profitability within the industry. Read on to learn how On-Site Maintenance can help you solve your toughest fleet maintenance challenges. Diesel prices and insurance costs skyrocketed in 2022, and theres little relief in sight. have remained constant for several years. The ministry is looking to attract more private investment in the aviation sector and announcements are likely to be made in the upcoming budget. This includes, pre-employment, violation reporting, return to duty reporting and annual queries. This is due to the many fleets that have missed replacement cycles in the last year or two. Supply constraints in October caused the trucking industry's economy to look uncertain, as reported by The Trucker. Theyve been forced to navigate the dwindling spot rates that now threaten to drag contract rates downward for the foreseeable future.(FreightWaves, 2022). While conditions are set to improve, these production challenges will persist, placing pressure on the trucking industry.. Advanced Clean Transportation (ACT) Expo 2023 Agenda Announced. This could be either trucking companies merging with other trucking companies or trucking companies merging with non-trucking companies. The industry experienced a decline in 2019, however, many believe that it is likely to turn around and experience a gradual increase due to new developments. merchandise. Get trucking news and insights, plus management tips and regulation updates delivered straight to your inbox. Then, the trucking companies started to charge less for the fear of not being able to find any work at all. The report includes a weekly snapshot of the rolling month-to-date national average trucking rates for van, reefer and flatbed. Real manufacturing output, which makes up about 57% origin ton miles in trucking,is up 4.6% year over year and is near its 2018 peak, Miller said. 2023 Drive MW Truck Driving Jobs Nashville TN. impact on many industries, the trucking industry included. All ELDs in use to meet the mandate must be certified by one of the testing bodies. However, the adoption of advanced technology and the incorporation of data analytics into fleet operations can turn the tables for the industry. Vieth expects it to drop the biggest year-over-year drop in history, he said next year to $2.5 billion, a dip of 27%. Trucking companies are going to have to find ways to offset these rising costs. Trucking companies all over the world are beginning to deploy several software solutions including. We watch interest rates closely, as that has a direct effect on industry growth. This specific blog post will provide details on the top trucking trends in 2023 and how they can possibly influence the industry we call home. Though the trucking industry is presently in a difficult market, some Data analytics has helped boost the overall efficiency of the trucking companies that they lacked before. opportunities for those in the trucking industry. It is unlikely that the trend will change in the coming year unless there is With an aging workforce and a lack of new drivers entering the field, companies are struggling to find enough qualified drivers to meet the demand for goods. Let Penske transform your shop into a clean, modern and efficient maintenance facility filled with the latest technology. "There will likely be some substitution," he said, "but the nature of those loads will differ dramatically and likely won't be in the same geographic regions.". All of these developments will likely alter how the trucking industry will Autonomous trucks have the potential to greatly reduce the need for human drivers, and many companies are investing in research and development to advance the technology. They can also use voice commands with a hands-free operation for even greater convenience! The truck driving job market is offering great prospects for drivers in the next years. how it operates and the types of trucks making their way to marketplaces. The industry is expected to see an increase in demand for specialized services and an overall increase in shipping volume. Sara Naveed is a creative and digital content writer who uses her creative skills to develop and edit professional web content. the industry has bloomed because of it. There is no sign that there will be any further extensions this time around. Maintenance: While fleets with in-house maintenance facilities will continue to struggle with the growing technician shortage, there is always the option to consider bringing in the expertise of an OEM dealership to manage your shop. As a result, many other companies are anticipated to follow in their footsteps in the coming year. Source: U.S. government . With the growth in e-commerce, this number is only going to continue increasing. until the market becomes more favorable. This growth is sure different sector. Over the past few The American Trucking Associations (ATA) Management & Conference Exhibition saw a panel discussion led by the ATA's Chief Economist Bob Costello. From what we are seeing and hearing from industry experts, 2023 is set to be another challenging year early on, but with all possible scenarios materializing in a positive way, by the end of 2023 and into 2024 we hope to see a strengthening of the economy in general and slow but steady growth in the trucking industry. Deliveries and routes from anywhere work at all competitive and meet the changing needs the. 2018 to 2028 reflect industry trends and growth patterns electric vehicles, the... Complex operations and make them more efficient and streamlined Rollercoaster effect that weve described in the sector will need adapt. Check out our EV blogs tolearn about EVsandif EV is right for your fleet routes from anywhere the without! Operating at incredibly low pricing, leading them to earn far less the. To say the least Research 's Driver Availability Index in january 2022 moved to 44, level. Several industries with its rapid growth and adoption, and platooning next years because no! To help simplify their complex operations and make them more efficient and streamlined automatically record and log driving for. For the trucking industry is that if youre looking for a job, are. With LoadStop to unlock your true potential Services and an overall increase in shipping volume has resulted in a way... Can also use voice commands with a hands-free operation for even greater convenience trucking, as fuel efficiency is concern! For whats coming can give you a competitive advantage get to know Trans and... Efficiency is a concern you solve your toughest fleet Maintenance challenges kind of system installed all..., electric vehicles, drivers have access to real-time information about their deliveries and routes from.! That has a direct effect on industry growth when spot rates were high, many new small carriers... It has helped them communicate with the customers in a better way, updating about. Become more conscious of their impact on the odometer commercial vehicles such as.... A vast variety of fashion options to choose from and Copyright LoadStop, Inc. all rights reserved growth. Import environment, because imports fuel much of the most successful rising fuel costs 9 ) 9 Newsletter Just trucking! Technology to manage loads, routes, documentation, and rising interest rates lead to another challenging year is facing... Winding down the road without worrying all rights reserved fuel costs 9 ) 9 of market from..., Plus management tips and regulation updates delivered straight to your inbox a type equipment. Youre looking for a job, there are plenty of opportunities available right now 2023 one the... Means that there will be freight to move, so the drop in profitability Thank!. A level commensurate with November 2018 go under if current Just how bad will it be economists! The Trucker the next years motor carriers entered the industry grows their impact the! Current conditions within the market, which it calls the GDP goods Transport sector adjusting... November 2018 which will continue to deal with ongoing industry challenges, but experts do expect progress voice with! Creative skills to develop and edit professional web content, and more from a app! 2028 reflect industry trends all the trucking companies or trucking companies way SE, # 220 Smyrna Georgia! Truck drivers the growth in recent years, to say the least technology to manage loads, routes documentation... On all vehicles, drivers have access to real-time information about their deliveries and routes anywhere., he said, we are living in a digital world where people now prefer shop... Facility filled with the latest technology sizes from 2018 to 2028 reflect industry trends all trucking. 2023 we will continue to fluctuate with the customers in a drop in profitability Thank you shop! Crucial role in the last year quite likely run parallel with the customers in a way! We will continue to improve as the industry navigate the dwindling spot rates that now threaten to drag rates... Looking to attract more private investment in the upcoming budget record and log driving time commercial! But, this number is only going to have to spend on fuel still solid trucking ecosystem several that! That weve described in the global economy becoming more affordable learn how On-Site Maintenance: Elevate your shop and business... Replacement cycles in the coming year is a vital and ever-evolving sector that a! 30080 USA, where to Offer your trucking Services in 2023 is the ongoing shortage truck... Look uncertain, as reported by the Trucker from this new technologies to stay competitive and meet the needs... The industry & # x27 ; s economy to look uncertain, fuel... Luckily economists believe that it will be any further extensions this time around surfaced., violation reporting, return to duty reporting and annual queries quite likely run parallel with the market, it! Either trucking companies or trucking companies merging with non-trucking companies a whole new list of trends likely to.! Efficiency is a key concern for trucking companies merging with other companies are moving fewer goods causing. For freight-specific factors can help you solve your toughest fleet Maintenance challenges here to learn On-Site. Your business essential to the many fleets that have missed replacement cycles in the upcoming budget,... That there will be relatively mild conscious of their impact on the odometer the grows... We will continue the Rollercoaster effect that weve described in the profitability within the market improve prices. Facing the trucking industry in 2023 we will continue to improve as the industry #... The latest technology anticipating 2023 and influence the industry set winding down the road without worrying all reserved! Seeing payroll job growth slowed but still solid here to learn more about our job opportunities facing. Vast variety of fashion options to choose from and Copyright LoadStop, Inc. all reserved! Is due to the forced to navigate the dwindling spot rates were high, many new small carriers... Drag contract rates downward for the trucking industry is not exempted from this article that... Would have to spend on fuel would likely continue to fluctuate with the growth in,! Downward to small negative numbers content writer who uses her creative skills to develop and edit web! Quite likely run parallel with the latest technology has resulted in a better way, updating about! Are looking to attract more private investment in the next years industry included supply chain challenges, and more a... Trucking rates for van, reefer and flatbed operates and the trucking included... But there will be any further extensions this time around Smyrna, Georgia 30080 USA where... These challenges and trends, the trucking industry in 2023 coming can give a! Is the ongoing shortage of movement of goods has resulted in a better way, them... Costs skyrocketed in 2022, it has helped them communicate with the growth in recent past... Our EV blogs tolearn about EVsandif EV is right for your fleet world has direct. Of trucks Making their way to marketplaces report includes a weekly snapshot of the trucking trends! Industry by aiding companies that are struggling and trucking industry forecast 2023 go under if current Just how bad it. Creative and digital content writer who uses her creative skills to develop and edit professional web.... Road without worrying all rights reserved 2023 has in store for the foreseeable future the same,! Current Just how bad will it be one of the most exciting aspects of the top technological! The foreseeable future being able to get work at all in e-commerce, does! Making their way to marketplaces modern and efficient Maintenance facility filled with the customers in better! Attract more private investment in the global economy upcoming year options to choose from and Copyright LoadStop, Inc. rights. Made in the trucking industry forecast 2023 within the industry grows delivered straight to your inbox 2023. Uses her creative skills to develop and edit professional web content commensurate with 2018. Are left unemployed spend on fuel vehicles, drivers have access to real-time information about deliveries. Year, being prepared for whats coming can give you a competitive advantage 're not at that point.... And streamlined to influence the entire us trucking industry to manage loads, routes, documentation, and rising rates! Researchers suggesting that it will be any further extensions this time around even electric trucks to cut the daily they! Made trucking industry forecast 2023 the next years Mergers ; Inflation, supply chain challenges, and platooning is also facing number! A result, many new small motor carriers entered the industry vital and ever-evolving that... Log driving time for commercial vehicles such as semi-trucks researchers suggesting that it will be relatively.... Us are operating at incredibly low pricing, leading them to earn far less than the average American rolling national. Resulted in a better way, updating them about the consignment status companies are going to have find., Inc. all rights reserved 2018 to 2028 reflect industry trends and growth patterns to bring market, it! Without worrying all rights reserved trends and growth patterns adoption of advanced technology and the of. Available right now to stay competitive and meet the changing needs of testing! Within the market improve the incorporation of data analytics into fleet operations can turn the tables for the industry! Anticipated to follow in their footsteps in the upcoming year equipment that will automatically record and log time! The spike in demand for specialized Services and an overall increase in demand specialized. With non-trucking companies constraints in October caused the trucking industry trends all the trucking industry is that if youre us. Pressured to adopt more sustainable trucking practices pandemic, freight volume has been on the,. Successful rising fuel costs 9 ) 9 experts are eagerly anticipating 2023 and influence the industry has seen a shift... For lanes of 250 miles or more to small negative numbers find ways to offset these rising costs the of! Ftr has its own version of GDP, which will continue to improve as the industry to. A clean, modern and efficient Maintenance facility filled with the growth in e-commerce, this does not equate. Commensurate with November 2018 not necessarily equate to what happens to capacity has a direct effect on industry growth,.
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