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OPINIONS * USA - Logistics, truck firms fret over economy, fuel
Chicago,ILL,USA -Reuters, by Nick Carey -Oct 6, 2008: -- High fuel costs and uncertainty over the U.S. economy's outlook are among the top concerns of logistics and U.S. trucking companies, according to two surveys released on Monday... In a survey of chief executives from 39 of the world's top third-party logistics providers sponsored by Penske Logistics, CEOs said their biggest concerns in the U.S. market include a tough pricing environment, the slowing economy, pressure from customers to cut costs, and high fuel prices... In a separate survey of more than 5,000 trucking sector executives from the American Transportation Research Institute (ATRI) -- a non-profit group funded by the trucking industry -- ranked fuel as most critical issue facing trucking companies... Executives said the state of the U.S. economy was the second most critical issue facing the industry...
* USA - Trucking assn says infrastructure 'top priority'
Trucking association CEO Graves calls infrastructure legislation 'top priority'
New York,NY,USA -Associated Press/CNN Money -October 06, 2008: New legislation to boost spending on U.S. roads, highways and bridges is the most important initiative for the trucking industry in the coming year, the chief executive of the sector's main trade association said Monday... Speaking at the annual American Trucking Associations Management Conference & Exhibition, president and CEO Bill Graves urged members to lend their support to the highway reauthorization bill in an effort to spur funding to improve the nation's infrastructure... He also noted that the current economic crisis is causing hardships across the industry, making it tougher to borrow money and driving up interest rates... Graves said it is still uncertain whether demand in the segment has bottomed or there is more room to fall, as a timetable for overall economic recovery is remains unclear... Graves noted that while he would like to underscore some key legislative victories, implementation of new industrywide safety initiatives and programs over the past year, he thinks that the worst might not yet be over...
* Economic panel extends gloomy outlook for trucking
New Orleans,LA,USA -The Trucker, by KEVIN JONES -6 Oct 2008: -- A trucking industry searching for good news should look someplace other than toward the American economy, a panel at the American Trucking Associations Management Conference & Exhibition told business leaders here... Moderator Stuart Varney of FOX News, in pointing out the particular timeliness of the annual roundtable, noted the stock exchange had fallen by 700 points by lunchtime – and the news didn’t get any sweeter for truckers during dessert... Because this year hasn’t been 'terrible,' at least compared to 2007, a continuing slide might not seem as dramatic as the 2000 freight crash, ATA Chief Economist Bob Costello explained... Wachovia Corp. analyst Mark Vitner colored the bleak economic outlook with specifics, noting the economy had so deteriorated in the past couple of weeks that his previously prepared slide presentation had become obsolete... Vitner likened the ongoing downturn to the 1981-82 recession – much more severe than the two “relatively mild” recessions since, and comparable in high unemployment and duration... Unemployment could hit 8 percent, Vincent added... In closing, Varney chose to bet against the gloomy predictions offered by the panel... "I predict when we reach this time one year hence, we will be looking at the other side of the trough – at how positive we’re going to view the year 2010", Varney said...
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