DC Velocity has published the results of a trucking survey showing that carriers expect the current credit crunch to continue. Of course, this could have a significant detrimental impact on the industry's ability to take advantage of any economic improvements.
The results:
A second-quarter survey of about 160 truckers, most of whom have annual revenues of more than $25 million, found that 60 percent expected credit availability to remain unchanged during the next six months, with 15 percent expecting credit conditions to tighten. Just 25 percent forecast credit conditions to improve by year's end.
The speculation over credit availability comes amid a brightening picture for the trucking industry. Nearly 90 percent expect volumes to increase over the next 12 months compared with the prior 12 months. That was up from 70 percent in the first-quarter survey. About 84 percent of respondents expected rates to rise over the next 12 months, up 53 percent from the first quarter and 12 percent from a year ago.
Read the whole thing for more economic news.