Subscribe to our free, weekly email newsletter!


Saia study reveals ongoing shipper concerns

A nationwide survey of U.S. executives on their motivations and beliefs about economic conditions, budgets and supply chains revealed other worries as well
By Patrick Burnson, Executive Editor
June 28, 2011

Not surprisingly, the primary concern among small to medium-sized businesses, is the economy. But a nationwide survey of U.S. executives on their motivations and beliefs about economic conditions, budgets and supply chains revealed other worries as well.

In announcing its recent findings of the 2011 National Trends in Small to Medium-sized Businesses, Saia reported that the vast majority (65 percent) of U.S. executives said the economy is their number one concern, followed by fuel costs (23 percent) and health insurance (15 percent).

“Small to medium-sized businesses are the backbone of our economy,” said Rick O’Dell, president and CEO of Saia. “Normally, you would expect business leaders to be more upbeat coming out of a downturn like we recently experienced. I am encouraged by several of the survey’s findings including those regarding staffing and supply chain expenditures.”

This comes on the heels of a Fedex earnings report showing major a strong yield in all transportation segments.

More than one-third (39 percent) of those surveyed said capital expenditures will be the same in 2011 as in 2010. Capital expenditures for 2011 will be higher according to one-third (33 percent) of business executives. More than one-quarter (28 percent) say capital expenditures will be less in 2011 than in 2010.

Supporting their concern of uncertainty, nearly three-quarters (72 percent) of executives said they plan on maintaining the same number of employees for the next 12 months as they have today. Seventeen percent of those surveyed said their company plans to increase the number of employees in the next 12 months, while 11 percent said they plan to reduce their current staffing levels.

“About one in ten small to midsize businesses are changing their inventory practices as a direct result of the catastrophes in Japan earlier this year,” said O’Dell.

“Nearly two-thirds of those surveyed say they do not have a contingency plan in place to handle inventory issues during a business interruption or emergency event.”

For related articles click here.

About the Author

image
Patrick Burnson
Executive Editor

Patrick Burnson is executive editor for Logistics Management and Supply Chain Management Review magazines and web sites. Patrick is a widely-published writer and editor who has spent most of his career covering international trade, global logistics, and supply chain management. He lives and works in San Francisco, providing readers with a Pacific Rim perspective on industry trends and forecasts. You can reach him directly at .(JavaScript must be enabled to view this email address).


Subscribe to Logistics Management magazine

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your
entire logistics operation.
Start your FREE subscription today!

Recent Entries

“U.S. Port Update: Investing in the Future” will feature a panel of three industry leaders from the East Coast, Gulf, and West Coast discussing their relative challenges and opportunities.

Zebra gains instant access to complimentary technologies. But first, it needs to integrate a former partner that is 2-1/2 times its size.

The U.S. Army Corps of Engineers issued a final Chief’s Report approving the Jacksonville Harbor Deepening Project, clearing the way for congressional authorization in an upcoming Water Resources Development Act.

Logistics Management Group News Editor Jeff Berman recently caught up with Doug Waggoner, CEO of Echo Global Logistics, a non-asset based freight brokerage company and a provider of technology-enabled transportation and supply chain management services on various topics impacting freight transportation and logistics.

Carloads—at 295,294—were up 7.2 percent annually, and intermodal trailers and containers were up 9.3 at 264,382.

Comments

Post a comment
Commenting is not available in this channel entry.


© Copyright 2013 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA