Rising Carrier Optimism

Desi Trucking relates that TCP’s third quarter survey results reflect similar sentiments from Ontario carriers in the 3rd quarter Ontario Trucking Association Business Expectations Survey.

In the OTA survey, motor carriers expressed more optimism and lowered uncertainty about the direction of the industry. In that survey, freight volumes as well as pricing continued to stabilize and/or appeared headed for growth.

TCP’s survey showed positive volume expectations are now up to 61% of carriers. Furthermore, a majority of carriers (66%) expect rates will increase over the next 12 months.

To read the Desi Trucking article, click here.