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TRUCKING INDUSTRY ANALYSIS * USA - Rates falling in LTL; truckload "flattish" analyst says
New York,NY,USA -Today's Trucking (CAN) -7 Jan 2008: -- After some gains in the first part of the decade, carriers haven't been able to pass along rate increases as easily over the last couple years and that looks to remain the case in the near future, says a leading New York-based transportation market research firm... A large U.S. retailer, putting out its first formal TL and LTL freight bids in the last five years this coming first quarter, told Bear Stearns that he expects a 3 to percent year-to-year reduction in his LTL rates and flattish TL rates in 2008... The only real pressure on the shipper's transport budget, the firm continues, has come from higher fuel surcharges... The shipper does not plan to squeeze its core TL carriers too aggressively for rate reductions in the near term, but instead plans to pay "flattish" rates in 2008 -- and likely beyond -- in exchange for longer-term agreements... Because of his lower overall freight volumes, the contact says he has used less spot market and brokerage carriers and consolidated loads with his core carriers in order to increase his volumes with them. He has also increased his utilization of intermodal carriers and consolidated drop & hook shipments... (Some shippers choose not to squeeze carriers too aggressively for rate reductions in exchange for longer term agreements.)* UPS chief says more risk than before of recession
Atlanta,GA,USA -The Associated Press/The Trucker, by HARRY R. WEBER -9 Jan 2008: -- The country is at increased risk of falling into a recession, and it’s not clear when the slowing economy will rebound, the chief executive of UPS Inc. said Wednesday... CEO Scott Davis, who took over the helm of the world’s largest shipping carrier earlier this month following Mike Eskew’s retirement, told a Metro Atlanta Chamber of Commerce gathering that overall economic growth is lethargic... He said he could not say for sure if the U.S. will fall into a recession, but he added, “There’s more risk than there was before.”... (Photo courtesy UPS Inc.)
posted by Unknown @ 7:07 AM
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