
The US trucking market shed roughly 100,000 for-hire tractors over the past year, pushing the active tractor count to its lowest level since early 2022. Small carriers with 1 to 6 trucks have erased their pandemic-era expansion, while fleets over 1,000 trucks have shrunk about 9%.
Reduced truck capacity tightens domestic freight supply and pushes up rates, raising logistics costs for moving feed ingredients and grain by road. For feed buyers, higher freight costs add to delivered prices even without a change in commodity supply.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.