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“For myself, I am an optimist. … It does not seem to be much use being anything else!”
-- Sir Winston Churchill
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Fleet Owners More Optimistic
Even though carriers agree the market still is plagued by freight rates that are scraping the bottom, fleet owners are becoming more optimistic about a trucking recovery in the next 12 months. Optimism was the key message in a survey of about 150 fleets according to Transport Capital Partners (TCP), a Nashville consulting firm.
The June survey found that 37 percent of the fleets now expect freight volume to rise over the next 12 months, compared with 21 percent in a survey two months earlier. In addition, a majority of the surveyed carriers believes rates will stabilize in the next year, instead of decreasing as revealed in an earlier survey.
“These responses would indicate that perhaps a bottom has been reached in rates,” TCP said.
Besides expected market improvement, surveyed fleets reported obtaining lower insurance rates and signaled less interest in exiting the trucking industry.
More good economic news arrived in July when home sales surged to a two-year high and in August when the U.S. manufacturing sector posted its first year-to-year monthly gain since October 2007.
Slow consumer spending and high unemployment rates, however, offset some of the gains as the economy struggles to come out of the recession.
Source: Roemer Report. Used with permission.
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