The U.S. logistics and transportation industry is highly optimistic regarding the U.S. economy and company prospects over the next three months, according to a survey by TCompanies, Henderson, Nev.
“The survey numbers confirm what we have been feeling for some time in the logistics and transportation industry—overall, things are going very well,” says Tom Burke, chief executive officer. “And, while there is a great amount of optimism, there are cautionary concerns with inflationary pressures, as a majority plan to increase pricing and pass costs on to customers in the next three months.”
With regard to the U.S. economy over the next quarter, 73.71% are optimistic, 18.29% are neutral and 8% are pessimistic.
With regard to hiring at your company in the coming quarter, 64.37% expect to hire more people, 30.46% will keep workforce at same level and 5.17% plan to reduce workforce.
With regard to revenues at your company over the next quarter, 74.86% of companies expect to increase revenue, while 18.86% expect it to stay the same and 6.29% plan to decrease revenues.
With regard to profitability at your company over the next quarter, 67.24% expect to increase profitability, while 25.29% expect it to stay the same and 7.47% plan to decrease.
With regard to employee wages over the next quarter, 38.29% of those surveyed expect to increase wages, 57.71% plan to keep wages the same and 4% project to lower wages.
Pricing of goods/services
With regard to the pricing for goods or services over the next quarter, 57.71% plan to increase prices, 39.43% plan to stay the same and 2.86% project to decrease prices.
Obstacles to growth
Over the next quarter, the largest obstacle to growth will be workforce shortage (43.60%), regulatory issues (18.60%), trade tariffs (17.44%), access to credit (8.72%), wage costs (5.23%), repair expenses (4.07%) and energy costs (2.33%).
The survey was conducted in July.