{"id":37041,"date":"2020-06-16T18:54:24","date_gmt":"2020-06-16T18:54:24","guid":{"rendered":"https:\/\/www.usxpress.com\/?p=33912"},"modified":"2020-06-16T18:54:24","modified_gmt":"2020-06-16T18:54:24","slug":"covid-19-forecast-update","status":"publish","type":"post","link":"https:\/\/www.usxpress.com\/covid-19-forecast-update\/","title":{"rendered":"COVID-19 Forecast Update"},"content":{"rendered":"<p>On April 21st, the leadership team at U.S.\u00a0Xpress released a forecast exploring the potential impact of COVID-19 on freight markets, truckload capacity,\u00a0and the overall economy. Our initial forecast took the position that the pandemic had\u00a0the potential to cull truckload capacity unlike any event in recent memory. Over the past several weeks, additional data points have been brought to light which reinforce our earlier viewpoint regarding the\u00a0impact of COVID-19 on the freight market\u00a0as well as the economy in the broad. Consequently, U.S. Xpress released a June 10th forecast update discussing those trends.<\/p>\n<p>We agree with those who predict a slow-but-potent recovery for the remainder of the year \u2013 something that lays the foundation for unbridled growth in 2021. However, we also believe even the steadiest recovery will have stark ripple effects for shippers and carriers alike. Just as in our prior forecast, we expect to see a fair amount of capacity come out over the next couple of quarters. Moreover, we do believe that notwithstanding any flare-ups of cases and hospitalizations, Q3 of 2020 will usher in a sense of relief and resolve as the country focuses on recovery \u2013 confident the worst very well may have passed.<\/p>\n<p><a href=\"https:\/\/usxpresslive.wpengine.com\/wp-content\/uploads\/2020\/06\/COVID-19-Impact-Forecast-Update_06.20-1.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Download the COVID-19 Forecast Update<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On April 21st, the leadership team at U.S.\u00a0Xpress released a forecast exploring the potential impact of COVID-19 on freight markets, truckload capacity,\u00a0and the overall economy. Our initial forecast took the position that the pandemic had\u00a0the potential to cull truckload capacity unlike any event in recent memory. Over the past several weeks, additional data points have [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":33913,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[15],"tags":[],"class_list":["post-37041","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-white-paper"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.3.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>COVID-19 Forecast Update - U.S. Xpress Inc.<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.usxpress.com\/covid-19-forecast-update\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"COVID-19 Forecast Update - U.S. Xpress Inc.\" \/>\n<meta property=\"og:description\" content=\"On April 21st, the leadership team at U.S.\u00a0Xpress released a forecast exploring the potential impact of COVID-19 on freight markets, truckload capacity,\u00a0and the overall economy. Our initial forecast took the position that the pandemic had\u00a0the potential to cull truckload capacity unlike any event in recent memory. Over the past several weeks, additional data points have [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.usxpress.com\/covid-19-forecast-update\/\" \/>\n<meta property=\"og:site_name\" content=\"U.S. Xpress Inc.\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/usxpressinc\" \/>\n<meta property=\"article:published_time\" content=\"2020-06-16T18:54:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.usxpress.com\/wp-content\/uploads\/2020\/06\/COVID-19_Blog-Image_06.20.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1080\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Charles Simpson\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@usxpress\" \/>\n<meta name=\"twitter:site\" content=\"@usxpress\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Charles Simpson\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.usxpress.com\/covid-19-forecast-update\/\",\"url\":\"https:\/\/www.usxpress.com\/covid-19-forecast-update\/\",\"name\":\"COVID-19 Forecast Update - U.S. Xpress Inc.\",\"isPartOf\":{\"@id\":\"https:\/\/www.usxpress.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.usxpress.com\/covid-19-forecast-update\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.usxpress.com\/covid-19-forecast-update\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.usxpress.com\/wp-content\/uploads\/2020\/06\/COVID-19_Blog-Image_06.20.jpg\",\"datePublished\":\"2020-06-16T18:54:24+00:00\",\"author\":{\"@id\":\"https:\/\/www.usxpress.com\/#\/schema\/person\/593b7d4bb4a6fa7d2ffdd2debde24fcf\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.usxpress.com\/covid-19-forecast-update\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.usxpress.com\/covid-19-forecast-update\/#primaryimage\",\"url\":\"https:\/\/www.usxpress.com\/wp-content\/uploads\/2020\/06\/COVID-19_Blog-Image_06.20.jpg\",\"contentUrl\":\"https:\/\/www.usxpress.com\/wp-content\/uploads\/2020\/06\/COVID-19_Blog-Image_06.20.jpg\",\"width\":1080,\"height\":675},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.usxpress.com\/#website\",\"url\":\"https:\/\/www.usxpress.com\/\",\"name\":\"U.S. Xpress Inc.\",\"description\":\"Home\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.usxpress.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.usxpress.com\/#\/schema\/person\/593b7d4bb4a6fa7d2ffdd2debde24fcf\",\"name\":\"Charles Simpson\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.usxpress.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&r=g\",\"caption\":\"Charles Simpson\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"COVID-19 Forecast Update - U.S. Xpress Inc.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.usxpress.com\/covid-19-forecast-update\/","og_locale":"en_US","og_type":"article","og_title":"COVID-19 Forecast Update - U.S. Xpress Inc.","og_description":"On April 21st, the leadership team at U.S.\u00a0Xpress released a forecast exploring the potential impact of COVID-19 on freight markets, truckload capacity,\u00a0and the overall economy. 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