Because of cash shortages, one in eight U.S. carriers has given serious consideration to leaving the industry if rates do not improve soon, according to a fourth quarter Business Expectations Survey released by Transport Capital Partner (TCP) last week.
One in 4.5 carriers under $25 million in revenue are considering the same.
But altogether, that’s only about half as many as were thinking about leaving the industry in February. In fact, for the second consecutive quarter, most carriers expressed optimism on volumes seven to 12 months forward, although about 40 percent of fleets don’t expect an upturn until 2011.
Other findings of note from the survey: (more…)