TORONTO, Ont. — The majority of trucking companies in Ontario remain optimistic about their prospects for the next three months despite negative freight volume prospects, according to the second quarter business expectations survey conducted by the OntarioTrucking Association.
According to survey, 67% of carriers reported they were optimistic about trucking’s overall prospects for the quarter – the same number as in the first quarter survey. This is off the peak of 75% recorded in the 1Q11 survey, but significantly higher than the bare majority (55%) who said they were optimistic about the industry’s overall prospects from the 4Q11 survey.
Only a quarter of respondents reported improvement in intra-Ontario freight volumes compared to the last quarter –the same as reported in the first quarter survey. Pessimism for the immediate future grew with only 30% of carriers expecting increases in the latter half of 2012 versus 39% who were upbeat in the last survey.
