Bloomberg News

Truckers See Rising Demand in 2014 Tightening Capacity (Correct)

February 11, 2014

(Corrects headline and first paragraph to show available trucking capacity tightening.)

Trucking companies anticipate rising freight volumes this year that will tighten capacity and boost rates, according to a Bloomberg Industries/Internet Truckstop survey.

About 68 percent of the companies polled said volumes will rise in the next six months as warmer weather arrives in the spring, after severe winter weather reduced loads, according to the survey. It was the most optimistic outlook in nine months.

“Our Bloomberg/Internet Truckstop survey is pointing towards a tighter trucking environment from increased demand, additional regulations, and higher equipment costs,” said Lee Klaskow, a Bloomberg Industries analyst, said. “This should have a positive impact on truckload rates in 2014.”

About 59 percent of trucking carriers and brokers said they expect 2014 to be better than last year for the industry. Of members surveyed, about 60 percent said they were optimistic that prices would rise within the next three to six months.

The year is off to a good start. In January demand rose 3 percent from a year earlier, even as winter weather posed difficult conditions, according to the survey.

To contact the reporter on this story: J. Kyle O’Donnell in New York at jodonnell49@bloomberg.net

To contact the editor responsible for this story: Ed Dufner at edufner@bloomberg.net


American Apparel's Future
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus