News: Business Environment
HOT TOPIC: Gravel Haulers Protest Milton MTO Weigh Station VIDEO: How to Haul 800,000 lb. Generator Vessels
0 Comments Share
Truckers Say 2014 Won’t Bring Much Growth

TORONTO— Ontario carriers are not optimistic about rate and freight prospects in the first quarter of 2014, according to a report by the Ontario Trucking Association (OTA), which surveys trucking companies four times a year.

Here are the survey’s findings:

  • 26: the percentage of carriers who say they are optimistic for freight volumes in Ontario over the next six months; that’s 14 percent fewer than in the first quarter of last year
  • 70: the percentage of carriers who say that prices are likely going to remain unchanged both within Ontario and across the provinces
  • 16: the percentage of carriers who expect capacity to increase in the first quarter of 2014
  • 55: the percentage of carriers who say capacity will likely stand still throughout 2014, a trend continued from 2013, according to the survey
  • 46: the percentage of carriers who plan to grow their fleet
  • 30: the percentage of carriers who report that their customers are lengthening terms – that’s nearly double the number from past OTA surveys
  • 72: the percentage of carriers reporting price hikes in tractors
  • 77: the percentage of carriers reporting higher maintenance costs, some as high as five to 10 percent higher.

 
Email Editor     Comment Below
Rate this Article!
Filed Under: trucking trucks carriers freight tractors maintenance cost
We Recommend:
Popular this Week:
ADVERTISEMENT
ADVERTISEMENT
Social Activity


(optional)

(optional)

(optional)

Notify me of other comments on this story (requires email and password)


* Please type the letters above exactly as they appear:  

Please Note:

While we value your feedback, please avoid profane or personal attacks. You should know that if your comment contains libelous, prejudicial or just plain wrong statements, it will be deleted.

Report Abuse

Video Reel