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April State of Transportation-Full Truckload

United States Truckload On-Time Performance

Full truckload performance in the US has not yet recovered to pre-Covid levels.

Prior to Covid-19, less than 20% of all loads were late. In the post-Covid environment, we have yet to see numbers return to these levels. In November 2021, we saw a low of 69.3% on-time loads. Thankfully from there, the market has steadily increased back to 77% in March 2023. This rate is still 11% lower than pre-Covid, but it is an 8% improvement from November 2022.

While we are not back to a pre-covid level of performance in the US, the chart above accentuates the progress so far in 2023. February 2023 was the highest on-time performance in February for the past 3 years, and 2023 continues to be substantially better than 2022. It appears that the worst is over, but there is still a long road to recovery.

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Disclaimer: The information conveyed herein, shared solely for summary and not contractual purposes, comes from both project44 and third-party reporting. The project44 data does not include all available market information, and project44 has not undertaken to independently verify the third-party reporting. Similarly, this type of data changes from day-to-day. Accordingly, the reader should not rely on this reporting to make any business decisions, and project44 expressly disavows any liability arising from any such reliance.

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