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Sector Glance * USA - LTL Carriers Sink
New York,NY,USA -Forbes/Associated Press -27 Feb 2008: -- Investors steered away from less-than-truckload carriers Wednesday, as the trucking industry's trade association suggested that freight volumes are slowing this month, despite a reported uptick in January... Total goods shipped by truck in the U.S. rose 2.4 percent in January from a year earlier, after increasing 1.5 percent in December, according to the ATA. The tonnage index measures the weight of freight hauled by U.S. truckers based on membership surveys... "I anticipate that truck tonnage will recover before the general economy, but I am withholding judgment on whether truck tonnage is in a recovery mode until I analyze another month or two of data," American Trucking Associations Chief Economist Bob Costello said... Less-than-truckload, or LTL carriers, usually fill their trucks with freight from a variety of sources and might re-sort and redistribute it at a company terminal along their route...
Labels: LTL
posted by Unknown @ 10:14 AM
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