Trucking Industry 2018: Tight Capacity and Strong Demand
What adjustments have your trucking firm made to prepare for 2018? Based on expert predictions for the transportation industry in the upcoming year, you’ll need sturdy semi trailer movers to help accommodate the demand.
Business Expansion = Higher Demand
According to Don Ake, trucking industry analyst for FTR Transportation Intelligence, confidence and business conditions are “at their highest level since the Great Recession.” Positive indicators are leading experts to anticipate extended business expansion, both at home and abroad.
This optimism is built on a number of factors:
– Tax reform is expected to create more a favorable regulatory environment for the trucking industry.
– There are signs that Congress and the Trump administration are ready to start considering an eagerly anticipated infrastructure funding proposal.
– Growth in real gross domestic product is expected to continue, climbing from 1.5 percent in 2016 to 2.8 percent in 2018.
Economy’s Impact on the Trucking Industry
A surge in business means a greater need for trucking services. Rachal Snider, vice president of Customer Supply Chain at consulting firm AFN, cites reports predicting an increase in demand of 3.6 percent over the coming year.
With the Great Recession prompting carriers to pare fleets and reduce expenses, the boost in demand will lead to tighter capacity. Other contributing causes include a shortage of drivers and implementation of the ELD (electronic logging devices) mandate, which can reduce capacity by as much as 8 percent.
Keep Trailers Moving with the Yard Dog from DJ Products
Get ready for a successful year with our battery-powered semi trailer movers that improve productivity while reducing risk of workplace injuries. Visit our website or call 800.686.2651 to learn more from our friendly and knowledgeable sales engineers.