Transport Capital Partners’ (TCP) 1st Quarter Business Expectations Survey has determined that “while carriers still seem hesitant to add capacity, they are less hesitant than they were during the last quarter.” In November of 2011, 73% of carriers indicated they were planning on adding little to no capacity. This quarter, though, that number has dropped to 65%. And 25% of carriers are planning to add 6 to 10%, compared to only 18% adding back in November of 2011.
“One quarter does not make a trend, but since November 2010 there has been a general decline in carriers saying ‘no’ to adding capacity, and upward trend in carriers saying they will add 6 to 10%,” said TCP partner Richard Mikes. “The generally rising rates over the past quarters is sparking carrier confidence.”