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TRUCKING MARKETS * USA
* Virginia - Fleets hauling more freight than ever but robust profits elusive
Arlington,VA,USA -Transport Topics, by Daniel P. Bearth -22 July 2013: -- The largest trucking companies in the United States and Canada are hauling more freight than ever, but the slow pace of economic growth and the costs associated with increased government regulation is making it more difficult for many carriers to add capacity and invest in new equipment... While most of the companies on Transport Topics’ 2013 Top 100 For-Hire Carriers list reported higher revenue and profits, trucking executives said business is not sufficiently robust to justify expansion of their fleets... The latest TT100 list, based on carriers’ 2012 revenue, is published in this issue... Many carriers also took on debt during the economic downturn and aren’t yet profitable enough to attract new investment capital... A survey by Transport Topics shows that for-hire carriers plan to add an average of 206 company-owned tractors in the next 12 months, compared with an average of 367 acquired in the past 12 months, a drop of about 44% in planned purchases from one year to the next...
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