CCJ

September 2015

Fleet Management News & Business Info | Commercial Carrier Journal

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22 COMMERCIAL CARRIER JOURNAL | SEPTEMBER 2015 MARKETPULSE T he following information is obtained from the July 2015 CCJ MarketPulse Report, a survey of more than 200 senior executives at trucking companies who have agreed to participate monthly. The July 2015 CCJ MarketPulse Report received 81 completed responses from carrier executives. If you would like to participate in the MarketPulse, please email Je Crissey at jcrissey@randallreilly.com. 13.6 percent of survey respondents see their business doing worse in the next six months, up from 6.3 percent as reported in the previous month, while 40.7 percent believe business will be better, down from 55.7 percent in June. Market softening? More than 100 power units Up to 100 power units Overall 0% 60% 10% 20% 30% 40% 50% Much worse Better Much better Worse Same 1 2 3 4 5 6 7 8 9 1 0 6.1 in July B E S T M O N T H E V E R W O R S T M O N T H E V E R The Carrier Sentiment Index for July was 6.1 – down from the 6.52 reported in June. The index assesses the month on a scale of 1 to 10, with 1 being the carrier's worst month and 10 being the best. The index level for carriers with more than 100 power units was 6.3 (down from 6.6 in June), while the level for those with 100 or fewer power units was 5.7 (down from 6.35 in June). SOURCE: CCJ MARKETPULSE REPORT Driver availability again tops the list of concerns for carriers regardless of size, but freight volume has increased steadily as a growing concern every month since January and is now the second-largest concern. Driver availability Regulation Freight volume 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% January February March April May June July Other Freight pricing Still looking for drivers 1 = WORST 10 = BEST Despite the more pessimistic six-month outlook compared to June, more survey respondents said they intend to increase eet size, particularly among respondents with up to 100 power units. Equipment purchases remain strong Carrier sentiment down sharply in July UP TO 100 MORE THAN 100 OVERALL POWER UNITS POWER UNITS Increase the size of our eet 42.0% 38.5% 43.6% Replace aging equipment but keep eet size the same 32.1% 23.0% 36.4% Decrease the size of our eet 0.0% 0.0% 0.0% Make no change in our eet 25.9% 38.5% 20.0% The international slowdown, overall world instability and the burden of U.S. regulation make managing a trucking company for the future very challenging. – survey respondent CCJ MarketPulse is brought to you by Shell Rotella.

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