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RECESSION * USA - Survey indicates the end may be near
Transport Capital Partners' Survey: Despite optimism, capacity and rate structures remain major issues
Nashville,TEN,USA -Logistics Management, by Jeff Berman -14 Sept 2009: -- According to the results of a recent quarterly survey from Transport Capital Partners, it appears that a “bottom” has been reached in the trucking industry... This takeaway is gleaned from data TCP culled on various metrics, including the economy, freight rates, and business volumes, among others... In its data, TCP found that 60 percent of the roughly 100 trucking executives it surveyed stated that they expect the economy will turn and freight rates will begin to increase in the next three-to-12 months, with slightly more than one-third saying it will take longer at 13-to-24 months. Other significant findings included:
* More than 55 percent of carriers expect business volumes to increase compared to 21 percent in February and 37 percent in April, with 8 percent expecting a decrease;
* 39 percent expect freight rates to increase in the next in the next 12 months compared to 38 percent in its previous quarterly survey; and
* 13 percent expect freight rates to decrease compared to 58 percent two quarters ago, and freight rates over the last three months fell 5 percent or less for roughly half the carriers surveyed.
(Photo from hankstruckpictures: TN taken at the Old Nashville East 76 Auto/Truck Plaza on I-40 at Exit 232 west of Lebanon)
Labels: surveys
posted by Unknown @ 4:23 AM
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