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ANALYSIS * USA - Goldman cautious on truckers
Minneapolis, MN,USA -Associated Press/Forbes -28 Oct 2008: -- Trucking analysts at Goldman Sachs on Tuesday said they remain cautious on less-than-truckload companies even though many of them beat third-quarter expectations... They also wrote that the group's distribution hubs are a fixed cost that will be difficult to offset, and that the market is fragmented and larger competitors such as FedEx and UPS "will price aggressively to gain share"... Declining fuel prices have helped trucking companies, but the group has warned that demand could weaken in a recession. On Monday the American Trucking Associations said its survey-based tonnage index fell 0.9 percent in September...
Labels: trucking industry analysis USA
posted by Unknown @ 6:49 AM
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