{"id":5744,"date":"2018-03-29T06:11:43","date_gmt":"2018-03-29T06:11:43","guid":{"rendered":"http:\/\/findfreightloads.com\/blog\/?p=5744"},"modified":"2018-03-29T06:11:43","modified_gmt":"2018-03-29T06:11:43","slug":"more-than-80-of-carriers-optimistic-about-2018-transcore","status":"publish","type":"post","link":"https:\/\/findfreightloads.com\/blog\/more-than-80-of-carriers-optimistic-about-2018-transcore\/","title":{"rendered":"More than 80% of carriers optimistic about 2018: TransCore"},"content":{"rendered":"<div>\n<div>\n<div>\n<form>\n<div>\n<div id=\"results_block\">Canadian carriers and brokers benefited from a strong market in 2017, and are optimistic about the current year, according to a new report from TransCore Link Logistics. Seventy-three percent of respondents were carriers, while 27% were brokers. Most reported that the increase in load volumes seen in 2017 positively impacted their businesses, including 54% of carrier respondents. 21% of carrier respondents said the increase in volumes had a negative effect on their business, primarily because they didn&#8217;t have sufficient trucks and drivers to keep up. Those carriers cited an inability to find quality, experienced drivers, as a problem.<\/div>\n<div><\/div>\n<div>Forty percent of brokers said the increase in load volumes positively impacted their business, while 31% said it was negative. Only 38% of responding carriers said their expenses increased in 2017, compared to 2016. The technology was a key area of investment for carriers, with 71% saying they invested in technology. Fifty-two percent of carriers said they invested in trucks, and 45% invested in new staff. Other areas of investment for carriers included: building space; trailers; security; and electronic logging devices. &#8220;It is possible for brokers to expand into the carrier sector by purchasing trucks,&#8221; TransCore noted. &#8220;With freight volumes at an all-time high, brokers may be struggling to find trucks. This could lead them to invest in a trucking division of their own.&#8221;<\/div>\n<div><\/div>\n<div>In terms of profit margins, half of the carriers reported 5% or better margins in 2017; with 40% between 5-15% and only 10% of carriers had margins greater than 15%. This means half of the carriers had profit margins below 5%. But 82% of carriers said they are optimistic about 2018. A quarter of brokers said their profit margins were above 15%, with 90% having profit margins greater than 5%. Not surprisingly, carriers with higher profit margins were less affected by the U.S. exchange rate. Seventy percent of responding carriers and brokers said the &#8220;Trump Effect&#8221; had no impact on their businesses. More than half of carriers and brokers felt freight volumes, rates, and fuel prices would rise in the first quarter of 2018.<\/div>\n<\/div>\n<\/form>\n<\/div>\n<\/div>\n<\/div>\n<p>Source: <a href=\"https:\/\/www.trucknews.com\/\">https:\/\/www.trucknews.com\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Canadian carriers and brokers benefited from a strong market in 2017, and are optimistic about the current year, according to a new report from TransCore Link Logistics. Seventy-three percent of respondents were carriers, while 27% were brokers. Most reported that the increase in load volumes seen in 2017 positively impacted their businesses, including 54% of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5729,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[3],"tags":[],"_links":{"self":[{"href":"https:\/\/findfreightloads.com\/blog\/wp-json\/wp\/v2\/posts\/5744"}],"collection":[{"href":"https:\/\/findfreightloads.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/findfreightloads.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/findfreightloads.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/findfreightloads.com\/blog\/wp-json\/wp\/v2\/comments?post=5744"}],"version-history":[{"count":2,"href":"https:\/\/findfreightloads.com\/blog\/wp-json\/wp\/v2\/posts\/5744\/revisions"}],"predecessor-version":[{"id":5746,"href":"https:\/\/findfreightloads.com\/blog\/wp-json\/wp\/v2\/posts\/5744\/revisions\/5746"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/findfreightloads.com\/blog\/wp-json\/wp\/v2\/media\/5729"}],"wp:attachment":[{"href":"https:\/\/findfreightloads.com\/blog\/wp-json\/wp\/v2\/media?parent=5744"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/findfreightloads.com\/blog\/wp-json\/wp\/v2\/categories?post=5744"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/findfreightloads.com\/blog\/wp-json\/wp\/v2\/tags?post=5744"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}