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TRUCKING INDUSTRY ANALYSIS * USA
* Trucking rates will stay low in 2008 - More reports emerge telling buyers now is the time to negotiate
Newton,MA,USA -Purchasing, by Dave Hannon -11 Jan 2008: -- Goldman Sachs analyst Chris Hussey said not only will trucking rates remain low for all of 2008, but possibly into a good part of 2009, as trucking demand looks to remain low for the extended term... High fuel prices and overcapacity remain big problems for trucking, Hussey said, adding that he thinks the U.S. economy is headed for a mild recession this year and that trucking freight volumes tend to stabilize during a recession... Also, in a recent trucking industry report, Bear Stearns analysts said “Almost all of our contacts are seeing lower LTL pricing as a result of the difficult environment, and two of the carriers we spoke with are even seeing an increase in price competition in recent months”...
Labels: trucking industry analysis USA
posted by Unknown @ 8:10 AM
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