Fleets have a cautious outlook on 2010, with most not expecting substantial expansion until late in the year or even 2011
, according to the special Annual Review & Outlook edition of The Journal of Commerce.

The annual edition, which includes perspectives from 170 executives in the transportation industry, found that carriers do not expect to add capacity for the rest of the year until they see clear signs of economic growth.

The cautious approach could result in a rapid upturn in shipping prices, if demand scales up more rapidly than forecast.
JOC's Annual Review & Outlook, a supplement to the weekly JOC, includes in-depth analysis of the maritime, rail, trucking, logistics and trade landscape, as well as critical statistical data and the Second Annual Shipper Roundtable, a comprehensive discussion among the JOC editorial staff and three prominent shippers.