Friday, November 30, 2012

Fiscal Cliff Averted for Trucking?

Sorry to be out of touch for a while. My friends at CAB got some very interesting information from GE Capital: GE Capital’s sixth market survey of chief financial officers of 500 U.S. middle-market companies reports that 79% of transportation CFOs expect to increase staff in the next 12 months. Trucking CFO's saw the largest increase in credit availability across all industries - a 35 percent increase and up 12 points from the previous survey. Transportation CFO's also indicate that 67% will increase equipment purchases. The greatest business opportunities are expected to focus on increasing average revenue-per-loaded-mile and increasing tonnage volume from existing customers. So that means trucking insurance carriers and their agents should be the beneficiaries. It would also seem to state that whatever driver shortage issues are out there, the CFO's of trucking companies feel they will avert the problem or simply be giving existing drivers better equipment. Sounds all good...

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