It doesn't take an economist to tell you these are tough times for truckers. Nonetheless, if you are going to gauge exactly how tough these times are, it sure helps to consult some meaningful numbers.
A national carrier study recently conducted by Transport Capital Partners, LLC,, says managing partner Richard Mikes, reveals fleets are "adjusting to the new economic environment-- most expect decreased volumes, shipper pressures for lower rates, staff adjustments and interest in both buying and selling companies."
Mikes points out that the share of carriers expecting volumes to decrease in the next 12 months was 37%-- compared to 34% reporting declining expectations back in November-- while steady volumes were expected by 42%, compared to 38% in the earlier survey. Those expecting volumes to improve went from 16.5% in November to 21% this month.
Interestingly, those choosing the “no response” reply dropped from 12% in November to exactly 0%. Mikes says that "shows all respondents chose to express an opinion and that there is most likely not a real shift in expectations."
I think the reason for that is things have finally gotten to the point that no one, in tucking or anywhere else, is uncomfortable stating a point of view about this recession-- be it pessimistic or optimistic.
The survey also delved into such key factors as freight-rate expectations, shipper credit concerns, equipment acquisition decisions, and whether non-driver staff has been reduced.