CCJ MarketPulse – July 2016

The CCJ MarketPulse is a short survey of 200 for-hire fleet executives. Its purpose is to gauge fleet sentiment regarding monthly business conditions and concerns as well as hiring and purchasing plans. Here are the key findings from the July 2016 CCJ MarketPulse survey:

  • Business conditions in July dropped considerably from June, down to 5.2 from 5.6. Respondents from both groups were equally affected by adverse business conditions. Respondents from fleets with more than 100 power units rated July a 5.2 (5.4 in June), compared to respondents from fleets with up to 100 power units which rated July a 5.1 (5.9 in June).
  • ď‚·  Month over month, 38.9% of respondents from fleets with up to 100 power units said July was worse than June, compared to 17.9% of respondents from fleets with more than 100 power units. A whopping 61% of all respondents indicated business in July 2016 was worse than July 2015. Over the next six months, 35.7% of respondents from fleets with more than 100 power units expect business to get better, compared to only 19% of respondents with up to 100 power units.
  • ď‚·  42.9% of respondents from fleets with up to 100 power units and 39.3% of respondents from fleets with more than 100 power units plan to add full-time employees in the next six months, while 9.5% of respondents from fleets up to 100 power units are planning to cut full-time employees.
  • ď‚·  Overall, 29.9% of respondents plan to increase the size of their fleets in the next six months, while 40.2% plan on replacing equipment but maintaining current fleet size.
  • ď‚·  Driver availability (32.4%) remains carriers’ top concern, while concerns over freight volume (29.9%) and freight pricing (26%) continue to grow. 3.9% of respondents listed Political climate in Washington or Regulations as their top concerns.

CLICK HERE TO DOWNLOAD THE JULY 2016 CCJ MARKETPULSE REPORT