Slow growth, volatility keep trucking companies ‚Äėcautiously optimistic‚Äô

Updated Sep 5, 2014
fuel

According to a recent survey of trucking executives, the combination of slow but steady growth in tonnage, improving operating metrics, visibly poor demand, fuel price volatility and new truck delivery lead times have the industry‚Äôs mangers in somewhat of a holding pattern, described by GE Capital‚Äôs quarterly CFO survey as ‚Äúcautiously optimistic.‚ÄĚ

As Overdrive sister site CCJ has reported, transportation research analyst Michael Zimm says ‚Äúcarriers feel little sense of urgency to add anything more than small increments of capacity ahead of demand,‚ÄĚnoting that trucking executives will remain cautious until ‚Äúdomestic fiscal and political uncertainties are resolved.‚ÄĚ

Click here to see the full report.