Transportation & Logistics industry summary
Confidence has returned this year, and T&L CEOs are particularly upbeat about the immediate future. A substantial 60% report that they are ‘very confident’ about their company’s prospects for revenue growth over the next 12 months. The prevailing mood is much more positive than it was last year, when only 31% of T&L CEOs were very confident of growth over the next 12 months. Indeed, it’s more positive than it was before the crisis.
Why such an optimistic outlook? One reason is greater efficiency. Most T&L companies aggressively cut costs during the economic downturn: 90% of T&L CEOs report that they have implemented a cost-reduction initiative in the past 12 months. Their companies are emerging leaner and meaner.