U.S. Logistics and Transportation Q3 Survey Finds Continued Strong Optimism Regarding US Economy and their Hiring, Revenues and Profitability

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TCompanies survey finds 74% are optimistic about the US economy over next three months, 80% expect increased revenues and 73% expect increased profitability. Inflationary pressure still strong as 56% plan to increase prices in next quarter and by 2-to-1 margin, workforce shortage remains bigger obstacles to growth than trade tariffs.

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The survey shows continued strong optimism in the US economy and in the logistics and transportation industry,” said Tom Burke, CEO of TCompanies. “As with the Q2 2018 survey, there is still concern with inflationary pressures as a majority plan to increase pricing...

The U.S. Logistics and Transportation industry is highly optimistic regarding the U.S. economy and their company prospects over the next three months, according to the most recent quarterly survey by TCompanies.

“The survey shows continued strong optimism in the US economy and in the logistics and transportation industry,” said Tom Burke, CEO of TCompanies. “As with the Q2 2018 survey, there is still concern with inflationary pressures as a majority plan to increase pricing and pass costs on to customers in the next three months.”

1. US Economy
“With regard to the US economy over the next quarter, would say that you are:”

Optimistic 74.15% (Q2 2018, 73.71%)
Neutral 23.13%(Q2 2018, 18.29%)
Pessimistic 2.72% (Q2 2018, 8%)

2. Company Hiring
“With regard to hiring at your company in the coming quarter, do you expect that you will:”

Increase 63.51% (Q2 2018, 64.37%)
Stay the same    31.76% (Q2 2018, 30.46%)
Decrease 4.73% (Q2 2018, 5.17%)

3. Company Revenues
“With regard to revenues at your company over the next quarter, do you expect revenues to:”

Increase 80.41% (Q2 2018, 74.86%)
Stay the same    17.57% (Q2 2018, 18.86%)
Decrease 2.03% (Q2 2018, 6.29%)

4. Company Profitability
“With regard to profitability at your company over the next quarter, do you expect profitability to:”

Increase 73.65% (Q2 2018, 67.24%)
Stay the same    23.65% (Q2 2018, 25.29%)
Decrease 2.70% (Q2 2018, 7.47%)

5. Wage Growth
“With regard to your employee wages over the next quarter, do you expect to:”

Increase 47.30% (Q2 2018, 38.29%)
Stay the same    52.03% (Q2 2018, 57.71%)
Decrease 0.68% (Q2 2018, 4%)

6. Pricing of goods/services
“With regard to the pricing for your goods or services over the next quarter, do you expect that you will:”

Increase 56.46% (Q2 2018, 57.71%)
Stay the same    40.82% (Q2 2018, 39.43%)
Decrease 2.72% (Q2 2018, 2.86%)

7. Obstacles to growth
“Over the next quarter, your largest obstacle to growth will be:”

Workforce shortage    46.58% (Q2 2018, 43.6%)
Trade Tariffs 18.49% (Q2 2018, 17.44%)
Regulatory issues 10.96% (Q2 2018, 18.6%)
Wage Costs 8.22%    (Q2 2018, 5.23%)
Energy Costs 6.16% (Q2 2018, 2.33%)
Access to credit 5.48% (Q2 2018, 8.72%)
Repair expense 4.11% (Q2 2018,4.07%)

The survey was conducted during the month of October 2018.

About TCompanies
TCompanies has been delivering innovative and award winning solutions to the transportation industry for two decades, by providing operational efficiencies, marketing solutions and improved bottom lines for our clients. Headquartered in Henderson, Nevada and with offices in eight US cities, we continue to grow and are proud of our 250+ associates, in multiple locations across the United States. Portfolio companies servicing the transportation industry include Terminal Operations Management, DrayMaster, PEIR, Tires For Containers, Comprehensive Incentive Solutions and Capacity Connection.

For more information contact:

John Vita
John Steven Vita Communications
John.vita(at)jsvcom(dot)com
847/853-8283

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