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Few Carriers Expect to Add Much Capacity Next Year

October 03, 2012, 07:30 AM
Filed Under: Trucking

Truckinginfo reported the number of carriers expecting to add little or no capacity in the next 12 months has remained fairly constant at around 70-74% for the last five quarters, according to Transport Capital Partners' Third Quarter 2012 Business Expectations survey.

According to the report, nearly one-third of carriers do not expect add capacity at all. Those expecting to add capacity, will likely do so via utilization of financed company equipment, and fewer carriers expect to add capacity through independent contractors.

The report quotes Richard Mikes, TCP Partner and survey leader saying, "Long-term dedicated equipment is a win-win as shippers assure capacity and carriers can pass through current low interest rates, and hedge future costs through adjustment provisions."

Carriers are also unwilling to add capacity when they can't find drivers to fill the seats, and 75% of the carriers surveyed are reporting unseated trucks. Of the larger fleets, 60% have between 1-5% of the trucks unseated, while 36% of the smaller fleets report 6-10% of their trucks lack drivers.

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