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Carriers Holding Steady in Flat Economy

From a November 11 article from BigTruckTV, slow growth in the US economy matches the trend in the trucking industry. According to TCP Partner Richard Mikes, “Carriers are not adding capacity as the economy remains relatively flat, used equipment prices go up and conservative equipment plans boost used demand.”

For TCP Partner¬†Lana Batts,¬†“Long term demographics still portend a shrinking driver pool, and current CSA and HOS regulations remove drivers and shorten effective hours (and pay checks) for existing drivers. Some runs that were doable in a day are requiring a sleep break.”

Fourth Quarter Survey Now Open

The Fourth Quarter Business Expectations Survey is now open and carriers are invited to participate. This quarter’s survey questions cover a range of hot topics in the trucking industry in addition to core questions about volumes, rates, and capacity. The questions of this quarter’s survey cover a range of additional topics including:

  • Impact of the presidential election
  • Driver hiring and wages
  • Fuel surcharges and other accessorials

Please email partners@transportcap.com if you are a carrier interested in participating.