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Transportation CFOs Optimism Rises Despite Domestic & Global Economic Concerns

October 31, 2011, 07:30 AM
Filed Under: Transportation

GE Capital released its third quarter U.S. Mid-Market CFO Survey which polls CFOs across seven industries including the trucking industry.

The report indicates that trucking company CFOs are more optimistic when it comes to the state of the trucking industry than about the U.S. and global economies.
According to this report, 63% plan on increasing the percentage of new equipment in their businesses - a 5% increase over the Q1 2011 survey results, while 24% plan to increase spending on used equipment - a 16% increase over the Q1 2011 survey results.

CFOs expect both profit margins and revenues to rise while also expecting costs to increase with energy expenses listed as their primary concern.

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