![[Valid Atom 1.0]](valid-atom.png "Validate my Atom 1.0 feed")
TRUCKING MARKET * USA - Weak '08 demand pressuring freight transportation
New York,NY,USA -Today's Trucking -18 Dec 2007: -- The past year has proved challenging for the freight transportation industry in the U.S., and things don't look to get any easier in 2008 -- at least through the first half -- according to Fitch Ratings, a global rating agency providing credit markets with independent credit opinions... Looking toward 2008, continued weakness in housing, potential tightness in the credit markets and high energy prices are expected to restrain economic growth in the United States... This slow growth rate will continue to weigh on the financial performance of both trucking and rail, although the latter sector is expected to perform better overall as relatively tighter rail capacity and less exposure to cyclical shipments will continue to support pricing... The unfavorable combination of extra capacity and cooling demand has put immense pressure on trucking rates... Recently, the weakening of the U.S. dollar has also spurred an increase in exported commodities, which also has helped to support rail volumes. On the other hand, the trucking industry, which is more closely tied to retail and manufacturing demand, has experienced a more significant decline in volume as the economy has cooled... (Photo: The unfavorable combination of extra capacity and cooling demand has put immense pressure on trucking rates)Labels: trucking markets
posted by Unknown @ 6:36 AM
0 Comments:
Post a Comment
<< Home