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TRUCKING MARKET * USA - Demand to remain sluggish into 2Q08
The current overcapacity in the trucking industry that is pushing rates lower will remain well into 2008 - But the long-term demand picture for trucking shows a changing industryNewton,MA,USA -Purchasing, by Dave Hannon -November 9, 2007: -- ... Stephens Inc. analysts point out the excess capacity caused by the pre-buy associated with the 2007 engine will remain in place until the second quarter of 2008, when the trucking market will come more into balance. Continued record-high fuel prices will result in a major truckload and LTL market consolidation... Longer-term, Stephens says overall freight demand and specifically truckload and LTL demand in the U.S. will decline due to several major economic factors. As more manufacturing moves to overseas markets, the multi-modal shipment of raw materials to and around the U.S. is declining rapidly... "Manufacturing is 16% of the U.S. GDP, but creates 30-35% of the freight in the U.S.,” a Stephens report points out. And as more of that manufacturing transitions to services industries in the U.S. such as consulting or technology design, less freight will be required... (Picture from BigLorryBlog, Oct /07)
* LTL market is soft right now
Newton,MA,USA -Purchasing, by Dave Hannon -September 13, 2007: -- To get a clearer picture of where the LTL market stands today, Purchasing asked both Ron Painter and Ed Hamorsky to provide their view as major LTL buyers and shippers... "I think right now the market is soft," Painter says. "It's obvious to us when we see some carriers that we haven't done business with in a long time, coming back to us, asking if we want to work with them. Some of those players were tough on price, so the market must be soft if they're coming back to us lately"... Hamorsky tells a similar tale...
Newton,MA,USA -Purchasing, by Dave Hannon -September 13, 2007: -- To get a clearer picture of where the LTL market stands today, Purchasing asked both Ron Painter and Ed Hamorsky to provide their view as major LTL buyers and shippers... "I think right now the market is soft," Painter says. "It's obvious to us when we see some carriers that we haven't done business with in a long time, coming back to us, asking if we want to work with them. Some of those players were tough on price, so the market must be soft if they're coming back to us lately"... Hamorsky tells a similar tale...
Labels: trucking markets
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