![[Valid Atom 1.0]](valid-atom.png "Validate my Atom 1.0 feed")
OPTIMIST PROGNOSIS * USA - Truckload carriers looking for freight rebound
Tough times for truckload carriers may be coming to an end
NewYork,NY,USA -Fleet Owner, by Jim Mele -May 21, 2008: -- ... According to fleet executives addressing financial analysts at a transportation conference here yesterday... Although they differed on specifics, chief executives from some of the country’s largest carriers indicated that stronger freight activity in April and the beginning of May coupled with significant decreases in truckload capacity have laid the groundwork for rate recovery, if not now, then in the next few months... Fuel price pressure, however, will keep revenue-per-mile growth below 1.5% until the fourth quarter of this year or the first quarter of 2009, according to predictions from the fleet executives... The analyst transportation conference was held by Wolfe Research, a new company created by former Bear Stearns transportation group director Edward Wolfe. For the past 15 years, Wolfe had hosted a similar meeting for Bear Stearns... Despite the upbeat mood, none of the truckload carriers at the Wolfe conference predicted large rate increases in the near future. Echoing his fellow fleet executives, Jerry Moyes, chairman & CEO of Swift Transportation said, “We could use 10%, but we’ll probably get 3%.”...Labels: markets prognosis
posted by Unknown @ 6:45 AM
0 Comments:
Post a Comment
<< Home