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’s mangers in somewhat of a holding pattern, described by GE Capital’s quarterly CFO survey as “cautiously optimistic.”
As Overdrive sister site CCJ has reported, transportation research analyst Michael Zimm says “carriers feel little sense of urgency to add anything more than small increments of capacity ahead of demand,”noting that trucking executives will remain cautious until “domestic fiscal and political uncertainties are resolved.”
