TCP survey results in a recent TruckingInfo.com article show improving conditions in the industry, but also some cause for hesitancy.
The steady growth of the economy is producing increasingly positive expectations from carriers. A majority of carriers are expecting volumes and rates to climb in 2014.
But despite this optimism, rate and volume growth has yet to fully materialize – aside from the construction, petroleum and seasonal freight sectors.
Over the last 16 months, a majority of carriers have expected rate increases. However, only since the first quarter of 2013 have rates actually risen.
But Richard Mikes, TCP Partner, notes, “Initial carrier contacts and load board reports show strength in spot market rates. This, coupled with positive political news in D.C., gives hope for stability in the economy with carrier rate expectations in the survey.”
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