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Opinion -USA - Trucking's Economic Year in Review
Trucking was no stranger to excitement in 2005 - By Bob Costello, American Trucking Associations' Vice President and Chief Economist
Alexandria, Va.,USA -Transport Topics -20 Jan 2006: -- Congress delivered a highway bill that was a mixed bag of results. Fuel prices surged to levels never before seen in the industry’s history. Driver turnover simmered just below its all-time high as motor carriers struggled with a driver shortage against increased freight demand. The Federal Motor Carrier Safety Administration issued yet another round of changes to the driver hours-of-service rules. Not to mention the further strain put on the industry when a calamitous hurricane season ravaged the Gulf Coast region... Surprisingly, these insufferable and incongruous events failed to stymie one cohesive outcome: Because they came against the backdrop of a growing economy, the past 12 months ultimately marked continued growth and profitability for the nation’s motor carriers... For the less-than-truckload sector, the year-to-date increase in average revenue per shipment increased 8.8%... The average revenue per ton increased 6.9%... One certainty is that 2006 will provide a wealth of challenges to the industry... But ultimately, trucking relies upon the strength of the economy to function as well as being a large contributor to it... I am optimistic about both in 2006...
posted by Unknown @ 12:20 PM
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