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Truckers Say 2014 Won’t Bring Much Growth

Posted: August 1, 2014

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.
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