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GE Capital Survey: Transportation CFOs Remain Positive Despite Challenges

GE Capital Survey: Transportation CFOs Remain Positive Despite Challenges

In the recently released GE Capital U.S. Mid-Market CFO Survey, which elicited responses from finance chiefs across seven industries,

In the recently released GE Capital U.S. Mid-Market CFO Survey, which elicited responses from finance chiefs across seven industries, transportation CFOs were one of the more optimistic groups.

According to Trucking Info, the stability of the trucking industry and the opinions of trucking CFOs are critical as 70 percent of all goods shipped into the U.S. are brought by truck. Thus, it is reassuring to note that 71 percent of respondents to the GE survey said they anticipated business conditions improving over the course of 2011, as compared to last year.

Specifically, 88 percent of carriers said they were expected a rise in average per tractor revenue, with 84 percent anticipating a bump in average revenue per loaded mile, the survey found.

This optimism comes despite a number of challenges that finance bosses in the trucking industry continue to face. The majority of respondents cited safety and truck accidents, the volatility of fuel prices and the recruitment and retention of quality workers as the major concerns they face, the survey noted.

AAA notes that over the past week, the national average price of gas dipped to $3.43 per gallon, which is down one cent from the week before, the San Antonio Business Journal reported.  

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