CSCMP's Supply Chain Quarterly
Logistics
December 19, 2018
Forward Thinking

Future continues to look bright for transportation, logistics industry

Comment
Survey shows that logistics and transportation professionals optimistic about the U.S. economy, revenues, and profitability.

U.S. logistics and transportation industry professionals continued to have a strong economic outlook during the third quarter of this year, according to survey data from transportation technology provider TCompanies Inc.

Nearly three-quarters of companies surveyed said they are optimistic about the future of U.S. economy over the next three months, with 80 percent predicting increased revenues and 73 percent predicting increased profitability. TCompanies' Q3 survey was conducted in October.

Despite the optimism, respondents pointed to inflationary pressures and hiring challenges moving forward. Fifty-six percent of companies surveyed said they plan to increase prices in the fourth quarter due to inflation, and 47 percent said that a workforce shortage will be their biggest obstacle to growth over the next quarter.

Nearly 64 percent of companies said they will need to hire more employees in the fourth quarter, and the majority of companies—52 percent—said they expect wages to remain constant. Forty-seven percent of companies say they will increase wages during Q4.

Join the Discussion

After you comment, click Post. If you're not already logged in, you will be asked to log in or register.


Want more articles like this? Sign up for a free subscription to Supply Chain Executive Insight, a monthly e-newsletter that provides insights and commentary on supply chain trends and developments. Click here to subscribe.

We Want to Hear From You! We invite you to share your thoughts and opinions about this article by sending an e-mail to ?Subject=Letter to the Editor: Quarter : Future continues to look bright for transportation, logistics industry"> . We will publish selected readers' comments in future issues of CSCMP's Supply Chain Quarterly. Correspondence may be edited for clarity or for length.

Want more articles like this? Subscribe to CSCMP's Supply Chain Quarterly.