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TRUCKING INDUSTRY PROGNOSIS * USA - Busy season deflated
Trucking's forecast has become more pessimistic than it was during the spring and early summer: ATA economistBirmingham,ALA,USA -Today's Trucking (CAN) -9 Oct 2007: -- October has traditionally been the peak of the fall freight season, but don't expect to see a big bump in freight this month, says ATA Chief Economist Bob Costello -- or much economic improvement until the second half of 2008... Speaking last week at the McLeod Software User's Conference in Birmingham, Ala., Costello noted that holiday retail sales are forecast to increase at their slowest rate since 2002... However, he said, there's a more "structural change" at work here... The good news, Costello said, is that capacity changes turn around faster in response to the economy than they used to...
* The US Upturn? When will it arrive? If at all?
USA -ArvinMeritor (PR) -4 Oct 20078:L -- According to ArvinMeritor, it’ll be later rather than sooner. Yesterday, the company said that it expects weak results for the fourth quarter and fiscal 2008 due to a weaker than expected economic environment in North America... In North America, the company said it is facing a weaker than expected economic environment in its Commercial Vehicle Systems business group due to decreased freight volumes largely due to the decline in housing construction... The company's customers expect the housing recession to delay the recovery cycle for North America commercial vehicle production into the calendar year 2008...
USA -ArvinMeritor (PR) -4 Oct 20078:L -- According to ArvinMeritor, it’ll be later rather than sooner. Yesterday, the company said that it expects weak results for the fourth quarter and fiscal 2008 due to a weaker than expected economic environment in North America... In North America, the company said it is facing a weaker than expected economic environment in its Commercial Vehicle Systems business group due to decreased freight volumes largely due to the decline in housing construction... The company's customers expect the housing recession to delay the recovery cycle for North America commercial vehicle production into the calendar year 2008...
Labels: prognosis
posted by Unknown @ 4:50 PM
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