Study: Private fleets adding equipment faster than for-hire
Results from the Q2 2013 Fleet Sentiment survey conducted by CK Commercial Vehicle Research shows private fleets are currently adding capacity with additional units at a faster rate than for-hire fleets.
Half of the private fleets participating in the quarterly survey indicated they were adding capacity with the power units they expected to purchase in the next three months, with an average of more than 40 percent of those orders designated for that purpose.
For the same time period, a third of for-hire fleets said they were adding capacity averaging just 6 percent of power units directed to growing their vehicle population.
“Based on what our survey participants are telling us for-hire fleets have a much, much larger problem with a shortage of drivers so adding capacity is hard; the private fleets in our advisory group generally don’t have that issue,” Chris Kemmer, Principal at CKCVR says of the correlation between adding trucks with available manpower to drive them. “They have an incentive to add capacity to be sure their products get shipped and the ability to do so because they can fill the trucks with drivers. We expect the looming Hours of Service regulation implementation adds to the urgency to solidify hauling capacity.”
The study also revealed a majority of the 51 fleets responding to the survey have sufficient freight demand to meet their fleet capacity, while an increasing percentage say they need more equipment.
Survey respondents operate in excess of 35,000 Class 8 trucks and 95,000 trailers.