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The results of the Freight Pulse 27 Shipper Survey reflect a stable outlook on the economy.
Shippers remain constructive on rail, while expect truck and parcel volume growth to decelerate slightly. Rail and parcel air & international shippers expect accelerating pricing, while truck shippers see deceleration in pricing gains ahead.
Some highlights from the 145 page report, which can be downloaded here, can be found below:
- Shippers' economic outlook stable;
- Chemical shippers most upbeat outlook on GDP, auto most pessimistic;
- Restocking plans still on hold for now;
- TL capacity expectations loosen the most from prior survey;
- Shipper perceptions remain strong for rail carload on service and value for dollar.
- Rail volume growth expectations stable at 3 percent;
- Shipper expectations on rail rates accelerating slightly;
- Intermodal discount to TL climbs from historical survey low;
- Shippers switching rails more often, rail rate negotiations more difficult;
- Rail service reliability and value for dollar stable.
- Shipper truck volume growth expectations decelerating across all segments;
- Trucking rate growth expectations slow to ≈1.5 percent;
- Shippers' expectations on truckload capacity eased the most;
- Expectations on truck spend moderate across all segments;
- Factors driving intermodal growth unchanged, value perceptions remain highest.
- Shippers expect volume growth to decelerate for air & ground, flat for international;
- Rate growth expectations decelerate for ground, but accelerate for air & international;
- Shippers indicate increased B2C shipments, a negative for mix;
- Product mix shift from premium service to standard ground shipping continues;
- Carrier switching falls across segments.