Texas trucking companies do not plan to replace fleets this year
The 2012 Texas Trucking Industry Study, the results of which were released Tuesday, shows Texas-based trucking companies expect faster sales growth in the first half of 2013 but generally plan to be more conservative in business expenditures during that period.
According to the Texas Trucking Alliance, trucking companies said they were less likely to add or replace trucks, with more large companies claiming they would hold off on vehicle expenditures than smaller companies.
Aside from low expectations in replacing equipment, Texas trucking companies are expecting a strong 2013. According to the survey:
• Both large and small Texas-based trucking companies were more optimistic about sales expectations than for the previous 12-month period.
• One third of companies expected to hire more truck drivers.
• 80 percent of companies expected to invest in safety training and personnel (up from 37 percent last year).
The study includes responses from 266 trucking company owners, CEOs and senior executives at Texas-based trucking companies, and its findings represent a slight departure from an unrelated report released earlier this month, which projected truck and trailer sales could rise upwards of 15 percent this year.