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Opinion * USA - Economists forecast weak trucking market
Hours-of-service regulations and the driver shortage are the two biggest concerns of fleet managers
Newton,MA,USA -Purchasing.com, by Tom Stundza -24 Oct 2007: -- ... Acording to a study conducted by the American Transportation Research Institute for the American Trucking Associations’ annual management convention this week... At the same meeting in Orlando, Fla., a panel of economists says a rebound in trucking will take longer than previous forecasts. ATA’s chief economist, Bob Costello, says freight tonnage, currently down 2.2% from last year, is in a “recession environment”. He adds that overall truckloads are flat—and will remain so well into the second half of next year... Costello believes driver shortage has eased, but fleet managers don’t. The survey of more than 5,000 trucking executives puts driver shortages and regulatory issues atop their list of concerns, followed by fuel issues, congestion, government regulations, tolls and highway funding, tort reform and legal issues, driver training, environmental issues and onboard truck technology...
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