August 2011 trucking conditions
August generally appeared to be a better month than July for trucking companies as more companies reported that the month was better than the month before and fewer said it was worse, according to the latest Randall-Reilly MarketPulse survey. Nearly 47% of participants said that business conditions were better in August than in July, while only 21% had said that business conditions in July were better than June. And the share that said conditions were worse than the month before dropped from 27% in July to 11% in August.
About 45% of carriers identified driver availability as their No. 1 concern, down slightly from July as concern over freight volume also edged slightly higher. Driver availability has been the top carrier concern since March and by a wide margin. Fuel costs — carriers’ top worry as recently as February — was selected as the No. 1 concern by just 1.4% of participants. Ahead of fuel were the political climate in Washington and regulation at 8.5% and 7%, respectively.