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  August 20th, 2018 | Written by

Logistics and transportation survey—strong optimism on US economy

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  • Over 70 percent in IS logistics and transportation industry are optimistic about the US economy over next three months.
  • Inflationary pressure is growing as in US logistics and transportation plan to increase prices in next quarter.
  • Only 38 percent in US logistics and transportation industry plan to increase wages in next quarter

The US logistics and transportation industry is highly optimistic regarding the US economy and their company prospects over the next three months, according to a survey by TCompanies.

“The survey numbers confirm what we have been feeling for some time in the logistics and transportation industry – overall, things are going very well,” said Tom Burke, CEO of TCompanies “And while there is a great amount of optimism, there are cautionary concerns with inflationary pressures as a majority plan to increase pricing and pass costs on to customers in the next three months.”

The survey was conducted during the month of July 2018.

Survey results

With regard to the US economy over the next quarter, would say that you are:

Optimistic 73.71%
Neutral 18.29%
Pessimistic 8.00%

With regard to hiring at your company in the coming quarter, do you expect that you will:

Hire more people 64.37%
Keep workforce at same level 30.36%
Reduce workforce 5.17%

With regard to revenues at your company over the next quarter, do you expect revenues to:

Increase 74.86%
Stay same 18.86%
Decrease 6.29%

With regard to profitability at your company over the next quarter, do you expect profitability to:

Increase 67.24%
Stay same 25.29%
Decrease 7.47%

With regard to your employee wages over the next quarter, do you expect to:

Increase wages 38.29%
Keep wages the same 57.71%
Lower wages 4.00%

With regard to the pricing for your goods or services over the next quarter, do you expect that you will:

Increase prices 57.71%
Stay the same 39.43%
Decrease prices 2.86%

Over the next quarter, your largest obstacle to growth will be:

Workforce shortage 43.60%
Regulatory issues 18.60%
Trade tariffs 17.44%
Access to credit 8.72%
Wage costs 5.23%
Repair expense 4.07%
Energy costs 2.33%

TCompanies delivers innovative solutions to the transportation industry through companies including Terminal Operations Management, DrayMaster, PEIR, Tires For Containers,  Comprehensive Incentive Solutions, and Capacity Connection.