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TRUCKING INDUSTRY REPORT * USA - TI takes big hit in first quarter
42,000 trucks, or 2.1 percent of the nation’s over-the-road, heavy-duty truck capacity went out of business in the first three months of 2008
Grain Valley,MO,USA -Land Line Magazine, by Jami Jones -April 22, 2008: -- Trucking companies going out of business in the first quarter of this year rivaled the record levels of failures reported in 2000 and 2001, according to a report released by Avondale Partners LLC... The report, written by longtime trucking analyst Donald Broughton, reported that an estimated 42,000 trucks, or 2.1 percent of the nation’s over-the-road, heavy-duty truck capacity went out of business in the first three months of 2008... Broughton laid blame at the feet of continued pressure from all cost fronts, which include the “inability of fuel surcharges to keep up with constantly rising fuel costs” and forking out more cash for renewing licensing and insurance that typically come due at the first of the year... These pressures, according to Broughton, pushed companies that were “teetering on failure, over the edge. He reported that the majority of companies failing were smaller companies with longer lengths of haul... The end result was 935 companies that went out of business – a number that surprised even Broughton... The glimmer of hope offered in Broughton’s report was more of a history lesson. As tough as things were in 2000 and 2001, truckers who were in business following the downturn “experienced the strongest pricing power since the industry” was deregulated in 1980...
* ATA Truck Tonnage Index Declines 3.3 Percent in March
Arlington,VA,USA -Layover -April 24, 2008: -- The American Trucking Associations' advanced seasonally adjusted For-Hire Truck Tonnage Index fell 3.3 percent in March 2008, after remaining unchanged in February... The not seasonally adjusted index increased 3.8 percent from February to 113.2 ...
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