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CCJ MarketPulse – December 2017

Here are the key findings from the December 2017 CCJ MarketPulse survey:

  • Carrier sentiment for business conditions in December 2017 was 7.0, down significantly from November 2017 (7.14).
  • Respondents with up to 100 power units rated December at 6.8, while respondents from fleets with more than 100 power units rated December at 7.1.
  • Month-over-month business conditions improved again in December, with 56.9% of all respondents saying it was better than November, including 7.7% saying it was much better. A whopping 93.8% of survey respondents forecasting improvement in the next six months (93.6% of those with more than 100 power units and 94.4% of those with up to 100 power units).
  • 8% of respondents from fleets with up to 100 power units and 80.0% of respondents from fleets with more than 100 power units plan to add full-time employees in the next six months, while 24.9% of all respondents plan to maintain current employment levels.
  • 6% of respondents with more than 100 power units plan to increase the size of their fleets in the next six months, compared to 38.9% of respondents with up to 100 power units.
  • Driver availability is the top concern for 89.1% of all respondents, well ahead of cost of labor (4.7%) and the freight pricing (3.0%).

Click here to download the full December 2017 CCJ MarketPulse report.

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Jeff Crissey is the Editor of Commercial Carrier Journal. In his role, Crissey is responsible for maintaining the excellent print editorial product, improving online audience development and increasing CCJ readers' knowledge of business and safety-related industry issues. Crissey holds a Bachelor's Degree from Auburn University and has been a member of Randall-Reilly Publishing's editorial staff for 14 years, where his coverage of industry topics has earned numerous regional and national awards over the years.