CFOs Feel Positive about Company Outlook, Including Transportation Industry

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GE Cap­i­tal has released its sixth bi-annu­al “U.S. Mid­mar­ket CFO Sur­vey,” which finds CFOs’ cur­rent sen­ti­ment on their indus­try and the US econ­o­my is bet­ter than a year ago, but low­er than the first quar­ter of 2012. Most con­tin­ue to feel pos­i­tive about their com­pa­ny out­look. Five hun­dred chief finan­cial offi­cers from U.S. mid­dle mar­ket com­pa­nies across sev­en dis­tinct indus­tries took the sur­vey. (Click here to view the report.)

Labor issues are still on the hori­zon. Unem­ploy­ment is the major near-term eco­nom­ic con­cern. Hir­ing employ­ees is occur­ring, but is being done more cau­tious­ly. For the third con­sec­u­tive year, health­care and raw mate­ri­als costs are the top threats to busi­ness per­for­mance in the next 12 months.

CFOs in the Trans­porta­tion indus­try have grown more opti­mistic about their indus­try and the over­all econ­o­my since the last issuance of the sur­vey, which was the first quar­ter of 2012. (The sur­vey includes respon­dents from a wide vari­ety of truck trans­porta­tion com­pa­nies.) Six­ty-sev­en per­cent of Trans­porta­tion CFOs said they would con­sid­er addi­tion­al financ­ing for equip­ment com­pared, to 33 per­cent who said they’d con­sid­er addi­tion­al financ­ing for com­pa­ny car or truck fleets, accord­ing to GE Cap­i­tal.

“There’s a pos­i­tive feel­ing in the indus­try now, and the Christ­mas ship­ping sea­son seems to be fair­ly good. Sur­vey respon­dents said that their biggest oppor­tu­ni­ty was rais­ing rev­enue per loaded mile — that tells us that capac­i­ty is still very tight. At the same time, we’re still see­ing con­cerns about the impact of fuel prices, reg­u­la­tion and health­care,” said Dan Clark, pres­i­dent and gen­er­al man­ag­er of GE Cap­i­tal, Trans­porta­tion Finan­cial Ser­vices.

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