August 2012 trucking conditions
Business conditions apparently improved in August as 48% of trucking executives reported that business was better than in July while only 14.4% said conditions were better. Also, the Carrier Sentiment Index deteriorated improved from 6.14 in July to 6.47 in August. The August 2012 survey is based on responses from 104 senior executives of for-hire trucking companies. Other findings:
• About 45% of carriers believe business conditions will be better or much better in six months, adjusting for seasonality. Most of the rest expect more of the same.
• Over the next six months, approximately 45% of carriers plan to replace aging equipment without changing fleet size. About 38% plan to increase the size of their fleets.
• Driver availability remains the top concern of trucking executives of more than 51% of carrier executives. Fuel costs remain a bigger worry for smaller carriers than larger ones.
The August survey included some additional questions related to trailer management. The survey found that:
• More than 86% buy their trailers new.
• The age of a trailer is the most common trigger for disposal of a trailer.
• More than a third usually trade in trailers, but about 29% sell them to remarketers