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Carriers Sensing an Improving Marketplace

January 20, 2014, 06:55 AM
Filed Under: Trucking

Transport Capital Partners (TCP) survey results in a recent article show improving conditions in the industry, but also some cause for hesitancy.
According to the article, the steady growth of the economy is producing increasingly positive expectations from carriers and a majority of carriers are expecting volumes and rates to climb in 2014. But despite this optimism, rate and volume growth has yet to fully materialize – aside from the construction, petroleum and seasonal freight sectors.

The article cites that over the last 16 months, a majority of carriers have expected rate increases. However, only since the first quarter of 2013 have rates actually risen.
But Richard Mikes, TCP Partner, notes, “Initial carrier contacts and load board reports show strength in spot market rates. This, coupled with positive political news in D.C., gives hope for stability in the economy with carrier rate expectations in the survey.”

To read the full article, click here.

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