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TRUCKING INDUSTRY NEWS * USA - Trucking market continues to go soft
Analysts, execs report declining volumes
USA -Purchasing, by Dave Hannon -22 Sept 2008: -- As the U.S. economy continues to struggle, so do trucking volumes, which means more competition anng both LTL and truckload carriers and better pricing... Baird analyst Jon Langenfeld said some LTL carriers are reporting a continuing decline in pricing and even losing money on fuel surcharge programs in the current market.
In a recent not to clients Thomas Wadewitz of JP Morgan said falling tonnage trend in the LTL market has worsened in the recent months and is expected to persist through 2009... But while truckers will compete harder for business, the volatile economy trends of late could push even more trucking firms out of business. Longbow Research analyst Lee Klaskow told the AP last week that privately-held Swift Transportation Co. is likely at the most risk in the current shaky markets...
Labels: trucking industry news
posted by Unknown @ 9:58 PM
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