Management & Operations

SBRB report: more transportation firms feeling financial pinch

Posted on October 20, 2008

A growing number of owners and managers of small transportation businesses indicated, during the second quarter of 2008, that they are experiencing inflationary pressures and have therefore raised prices, according to the latest Small Business Research Board (SBRB) study.

Of the owners and managers responding to the nationwide quarterly SBRB poll, co-sponsored by International Profit Associates, 51 percent reported that they are experiencing inflationary pressures. Meanwhile, 70 percent of those who responded said they are raising prices, 30 percent are adding or increasing shipping/handling costs and 25 percent are renegotiating customer pricing agreements.

The SBRB currently reports that its Transportation Industry Small Business Confidence Index (T-SBCI) is set at 26.33, a decrease of 15.33 percent over the first quarter of 2008. The T-SBCI remains consistent with the overall SBCI. The outlook for the general economy, revenue growth and hiring expectations are the three key indicators used to determine the SBCI.

The overall SBCI, during the second quarter of 2008, for all U.S. small businesses was 30, a new historical low and a decrease of 13.67 points from the prior period. The historical SBRB SBCI high occurred during the first quarter of 2005 when the SBCI hit 52 points. The previous historical low was during the fourth quarter of 2007 when the SBCI fell to 33.67 points.

More than 1,000 small business owners participated in the nationwide poll.

For more information, visit www.ipasbrb.com.

View comments or post a comment on this story. (0 Comments)

More News

JTA's Ford wins prestigious COMTO award

The Thomas G. Neusom Founders Award is the highest honor bestowed by COMTO. Ford accepted the award at the 46th National Meeting and Training Conference in Detroit.

NJ Transit weighing disciplinary actions for no-show train engineers

It's unclear how many of the cancellations stemmed from engineers exercising a contract provision that allows them to take two days to report for work when schedule changes are made.

National Express Transit acquires Cook DuPage Transportation

Established in 1975 and based in Chicago, CDT operates 275 paratransit vehicles providing more than 80,000 trips per month to PACE users in the Chicago Metropolitan area.

MTA chief weighs food ban on subway after track fire snarls service

A garbage fire crippled subway service along four lines for more than two hours during the peak of Monday’s morning rush hour.

BYD commits to hiring from communities facing significant barriers to employment

In addition to targeting veterans and returning citizens, will also target populations that have historically been excluded from the manufacturing industry, such as women and African-Americans.

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The number 1 resource for vocational truck fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation

Please sign in or register to .    Close