Canadian Truckers Optimistic on Freight Economy

Canada’s trucking industry appears bullish about the state of the economy this year, findings of the monthly Today’s Trucking Pulse Survey show. Nonetheless, carriers are aware about potential threats to industry growth. The driver shortage, according to 33% survey respondents, is the top economic threat for their businesses. NAFTA negotiations held the second spot at 16%, although the survey was conducted before the USMCA deal was secured. The general state of Canada’s economy was identified by 13% of respondents as the biggest economic threat to their businesses.

About 44% of those who were surveyed expect rates to increase next year, and 42% expect them to remain steady.