U.S. Shippers Raise Volume Expectations for 2014
Surveys point to high shipping expectations for 2014. A survey conducted by Wolfe research in August and September, indicated that shippers plan to ship freight via land, ocean and air more than they have in the past 6 quarters. The expectations are the second highest since they have been a year and a half ago.
According to Mark Szakonyi of the Journal of Commerce, “Excluding fuel costs, shippers expect to spend 3.8 percent more for transportation, reflecting shippers’ anticipation for higher volume traffic and moderate rate increases. Shippers generally forecast inventory levels to be flat through the end of September, and nearly half of the roughly 100 shippers surveyed said their inventory levels were higher than their targeted levels.”
To read more, please visit Journal of Commerce