PGT Bulletin — Q2 2023 Edition

PGT Trucking anticipates a strong finish as we approach the end of Q2 with a combination of special construction projects, seasonal materials, and strong relationships with our customers. However, we remain mindful of factors such as inflation, high interest rates, slow manufacturing production, and geopolitical risks, which could impact our operations. Economic indicators like employment and spending are stabilizing, yet consumers remain cautious as they enter the second half of the year. Manufacturers and service centers are reducing their inventory levels, purchasing goods only for immediate needs

Operating costs within the trucking industry have continued to rise for the second consecutive year, particularly in fuel, tolls, maintenance expenses and replacement parts. As customer demand is expected to soften during the summer, shippers will seek rate adjustments that may not be feasible within the current cost environment. Despite these challenges, PGT Trucking remains committed to strengthening our long-term relationships by providing high-quality service, diversified shipping solutions, and safe and reliable transportation.