Here are the key findings from the July 2018 CCJ MarketPulse survey:
- Carrier sentiment for business conditions in July 2018 was 7.57, down from an all-time high of 7.68 in June 2018. Month-to-month sentiment rose slightly for respondents with up to 100 power units from 7.13 to 7.2, while sentiment dropped from 7.87 to 7.69 for respondents from fleets with more than 100 power units.
- Month-over-month business conditions in July 2018 remained positive, with 31.7% of all respondents saying it was better and 18.3% saying it was worse than June 2018. 53.3% of survey respondents forecast even better business conditions in the next six months while only 3.3% of respondents expect business conditions to worsen.
- 3% of respondents from fleets with up to 100 power units and 77.8% of respondents from fleets with more than 100 power units plan to add full-time employees in the next six months.
- 0% of all respondents plan to increase the size of their fleets in the next six months (55.6% of respondents with more than 100 power units and 33.3% of respondents with up to 100 power units). No respondents plan to decrease fleet size, while 40.0% expect to replace aging equipment while maintaining current fleet size.
- Driver availability is the top concern for 89.8% of all respondents, dwarfing any other top concerns including the political climate in Washington and cost of labor, each at 3.4%.