Logistics, Transportation Industry Optimistic on Economy; Tariff Concerns Persist – Jeff Della Rosa, Talk business & politics
“Logistics and transportation providers are optimistic about the outlook of the U.S. economy and their business in the fourth quarter. . . . While logistics and transportation providers are optimistic about the economy, they are concerned about labor shortages, regulations and trade tariffs, according to a survey conducted by transportation technology provider TCompanies Inc. It showed that 73.7% of respondents were optimistic about the economy, 64.4% plan to hire more staff, 74.9% project revenue to rise and 67.2% expect profits to increase over the next three months.
The following were the respondents’ top three obstacles to growth over the next quarter.
• Labor shortage, 43.6%
• Regulations, 18.6%
• Trade tariffs, 17.4%”
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