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PROGNOSIS * USA - Trucks, trains now carrying more cargo
Haulers' resiliency amid pricey diesel may signal wider rebound
AR,USA -The Arizona Republic, by Betty Beard -Jul. 27, 2008: -- The trucking and rail industries, whose freight volumes can function as a barometer of how well the economy is doing, are hauling more tonnage this year... But industry officials stop short of saying that means an economic recovery is near or that the trucking and rail companies are doing well. They are both still struggling with high diesel prices and, in some cases, suffering the effects of the massive flooding last month in the Midwest... Still, there are signs of hope... Kevin Knight, chairman and chief executive of Phoenix-based Knight Transportation, said products moved by his company's 3,750 trucks have been below last year's levels but improved every month this year to the point where June volumes finally equaled volumes moved in June 2007... (Photo by Jack Kurtz/The Arizona Republic - Knight Transportation's CEO says high diesel prices have thinned competition, creating new opportunities)Labels: prognosis
posted by Unknown @ 10:56 AM
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