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TRUCKING INDUSTRY NEWS * USA - Group urges action to ease financial woes
Truckers serve as a gauge of U.S. economy health because they haul about 70 percent of manufactured and retail goods
New York,NY,USA -Associated Press/Forbes -25 Sept 2008: -- The primary trade group representing the U.S. trucking industry on Thursday urged Congress to swiftly stabilize the country's financial system, pointing to severe consequences for the sector and the broader economy...American Trucking Associations President and Chief Executive Bill Graves said in a statement that without legislation, the tightening credit markets will make it difficult for all kinds of trucking companies to finance the purchase of new trucks or equipment... The ATA represents about 37,000 companies across the industry... The Arlington, Va.-based trucking group's members include United Parcel Service Inc. and Knight Transportation Inc...
* Ahead of the Bell: Analyst downgrades 3 truckers
New York,NY,USA -Associated Press/Forbes -26 Sept 2008: -- A Stephens Inc. analyst downgraded three trucking companies to "Equal-Weight" from "Overweight" Friday, citing deteriorating demand and weaker pricing... Analyst Thom Albrecht cut his rating on less-than-truckload carriers YRC Worldwide Inc., Saia Inc. and Vitran Corp... Albrecht predicts that poor pricing and slowing demand will overshadow company initiatives and Vitran and Duluth, Ga.-based Saia, while he raised concerns that a new integration effort at YRC will be slow to take hold...
Labels: trucking industry news USA
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