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Markets Analysts * USA - Trucking Companies
The bend after '07 looks clear for trucking after this yearNew Yoirk,NY,USA -The Houston Chronicle (Houston,TX)/The Associated Press -Jan. 22, 2007: -- Analysts expect mostly lackluster fourth-quarter earnings from trucking companies, since the industry's annual peak season never materialized and demand further waned amid a general economic slowdown... Truckload carriers could report particularly depressed results, as pricing power diminished alongside demand... "The combined effects of a slowing economy, tighter inventory management, and slackening truckload capacity have begun to yield difficult earnings comparisons following several years of ideal operating conditions," said Art Hatfield, an analyst at Morgan Keegan & Co., in a recent note to clients...
* USA - Trucking slow, but faces long-term grow
Alexandria,Va,USA -Today's Trucking, by Patricia Smith -22 Jan 2007: -- The trucking industry may be facing a slowdown this year, but the longer term outlook is still something to feel good about, according to Bob Costello, the American Trucking Associations’ chief economist and vice president... The industry got a jolt when ATA’s for-hire tonnage index for November fell 8.8 percent from the same period a year ago, but tonnage isn’t the whole story, Costello told participants in “Navigating the Economy and Capital Markets,” an audio conference sponsored recently by the Truckload Carriers Association’s Truckload Academy...
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