Over the next three months, 70% of the logistics and transportation managers, surveyed in July by TCompanies, said the U.S. economy will continue to thrive.
And because of that, revenue and profitability are expected to increase as well.
“The survey numbers confirm what we have been feeling for some time in the logistics and transportation industry – overall, things are going very well,” said Tom Burke, CEO of TCompanies.
“And while there is a great amount of optimism, there are cautionary concerns with inflationary pressures as a majority plan to increase pricing and pass costs on to customers in the next three months.”
The following are highlights from the survey.
US Economy
Optimistic -- 73.71%
Neutral -- 18.29%
Pessimistic -- 8.00%
Company Hiring
Hire more people -- 64.37%
Keep workforce at same level -- 30.46%
Reduce workforce -- 5.17%
Company Revenues“
Increase -- 74.86%
Stay same -- 18.86%
Decrease -- 6.29%
Company Profitability
“Increase -- 67.24%
Stay same -- 25.29%
Decrease -- 7.47%
Wage Growth
Increase wages -- 38.29%
Keep wages the same -- 57.71%
Lower wages -- 4.00%
Pricing of goods/services
Increase prices -- 57.71%
Stay the same -- 39.43%
Decrease prices -- 2.86%
Obstacles to growth
Workforce shortage -- 43.60%
Regulatory issues -- 18.60%
Trade tariffs -- 17.44%
Access to credit -- 8.72%
Wage costs -- 5.23%
Repair expense -- 4.07%
Energy costs -- 2.33%
