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.
