FleetOwner.com reports on the results of the Transport Capital Partners Business Expectations Survey. The first quarter 2013 survey found that carriers are optimistic in their plans to increase capacity in the year ahead. Just over a third of carriers surveyed plan to add 5% or less in capacity, while 20% of carriers plan to increase by 6-10%.
The article also discusses the American Trucking Associations’ (ATA) For-Hire Truck Tonnage Index for February. The report shows that tonnage has increased four months in a row – something that has not happened since late 2011.
Bob Costello, ATA chief economist, is also optimistic:
“Fitting with several other key economic indicators, truck tonnage is up earlier than we anticipated this year. While I think this is a good sign for the industry and the economy, I’m still concerned that freight tonnage will slow in the months ahead as the federal government sequester continues and households finish spending their tax returns. A little longer term, I think the economy and the industry are poised for a more robust recovery.”
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To learn more about carriers’ expectations for capacity increases, read the full article.
