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CCJ MarketPulse – November 2017

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

  • Carrier sentiment for business conditions in November 2017 was 7.14, up significantly from November 2016 (5.71).
  • Respondents with up to 100 power units rated November at 6.63, while respondents from fleets with more than 100 power units rated November at 7.33.
  • Month-over-month business conditions improved markedly from October to November, with 37.9% of all respondents saying it was better and 5.2% saying it was much better. Survey respondents are bullish about business conditions in the next six months, with 84.5% forecasting improvement (88.1% of those with more than 100 power units and 56.3% of those with up to 100 power units).
  • 8% of respondents from fleets with up to 100 power units and 69.0% of respondents from fleets with more than 100 power units plan to add full-time employees in the next six months, while 20.7% of all respondents plan to maintain current employment levels.
  • 5% of respondents with more than 100 power units plan to increase the size of their fleets in the next six months, compared to just 31.2% of respondents with up to 100 power units.
  • Driver availability is the top concern for 80.5% of all respondents, well ahead of freight pricing (8.8%) and the political climate in Washington (3.5%).

Click here to download the November 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.