The Louisiana Motor Transport Association and UL Lafayette’s Moody College of Business recently teamed up on a survey of Louisiana trucking industry executives to assess their view of economic indicators associated with the trucking and logistics industry. The survey’s results — a “better than normal” outlook — are one barometer of trends in future economic activity in the state and country.
“Our industry, much like the economy in general, has been experiencing roller-coaster ups and downs for the past few years,” said LMTA Chairman Doug Place, CFO of Lafayette-based Dupre’ Logistics. “Studies such as this provide a view of the future and assist professionals in making smart business decisions. In Louisiana and the nation, the logistics industry serves as a leading indicator of upcoming shifts in the business landscape due to our important role in the supply chain.”
The sentiment index conducted in July and August 2011 surveyed 34 trucking industry executives in Louisiana. The survey concluded that the Business Sentiment Index for the 2nd Quarter of 2011 was 56 out of 100. A reading of 50 is normal. Therefore, the score of 56 indicates that the sentiment in the industry is “better than normal.”
“The first ever Louisiana trucking survey indicates that the transport sector is doing better than the rest of the economy,” said Dr. Linus Wilson, assistant professor of finance in the Department of Economics & Finance at UL. “Despite the slow overall national economy, transport companies have greater truck loadings than last year. Costs are increasing for trucking companies, forcing them to seek rate increases. Many trucking companies are looking to expand, but are hampered by a lack of qualified drivers.”
Respondents answered questions about orders, prices, new business prospects and drivers. The LMTA plans to repeat this inaugural survey quarterly, making results available to the logistics industry and Louisiana business community. Read the inaugural survey here.
State bar foundation bestows honor on founder and managing partner of NeunerPate
National awards recognize outstanding achievement in leadership development and leadership programs
A federal court magistrate has issued a seven-page schedule of hearings, conferences and deadlines leading up to January’s trial aimed at determining how much money BP will owe in Clean Water Act fines as a result of its 2010 Gulf of Mexico oil spill.
The state’s “greedy trial lawyers” haven’t scared this oil giant away.
Smaller Microsoft Store installations sell a wide array of Microsoft products (Windows phones, Surface tablets and Xbox consoles) but don’t include everything.
See cutting-edge technologies Thursday in brief presentations/demonstrations from 3rd Dimension Media, C&C Technologies, Cimation and UL Lafayette School of Engineering.
C & C Technologies, HIT Fitness, R3 Sciences, the Acadiana Symphony Association and the United Way of Acadiana recognized for innovation.
Under the deal, Teche shareholders would get 1.162 shares of IberiaBank for each share of Teche stock.
Dave Perkins, LCG Comp Plan honored along with local architects and designers at the 2014 INDesign Awards
Greg Manuel’s Lafayette-based residential development company is taking advantage of exponential industrial growth in Lake Charles.
Longtime Lafayette retailer ventures online.
The annual juried competition recognizes excellence in architecture, interior design and historic preservation in Lafayette and the five surrounding parishes.
It’s not how aggressive or conservative you are — it’s planning for risk that matters most.
Cypress Bayou GM hosts open house.
Thanks to cutting-edge digital technology, more and more consumers are banking on ATMs and mobile phones.
Regional bank bids farewell to Downtown May 30
ABiz takes a look back at the most noteworthy moments for the local banking industry over the last year.
Most experts say short-term interest rates will be unchanged through 2014, but long-term rates are inching up.
New hires, promotions, transfers in Acadiana business
The scion of a landmark Four Corners restaurant climbs back into Lafayette’s culinary scene as franchisee for a popular burger chain.
Largest recruitment event in Acadiana returns May 21 to the Cajundome Convention Center
A lawyer’s ad should only be a starting point, as there is much more to consider when seeking quality representation.
Thanks to the inaugural 2012 INNOV8, a design for lifting heavy objects was brought to market.
His company bankrupt and being liquidated, the Lafayette businessman’s financial troubles are mounting.
Georgia-based fried chicken chain would go up against Raising Cane’s, Chick-fil-A and others (like the Popeyes near its proposed location).