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TRUCKING INDUSTRY NEWS * USA - ATA Tonnage Index increases 1.7%
USA -Fleet Owner -Dec 24, 2008: -- The American Trucking Assns.’ (ATA) seasonally adjusted For-Hire Truck Tonnage Index increased 1.7% in November, the first month-to-month improvement since June 2008 after the index contracted a total of 6.3% from June to October... However, ATA warned that the freight outlook remains bleak, as the not seasonally adjusted index fell 15.4% in November. It was also 1.8% lower than November 2007, marking the second straight year-over-year decrease... ATA chief economist Bob Costello, added that he expects freight to further weaken as the economy continues to contract in the first half of 2009...* Trucking companies, including Veriha and Schneider National, ride out recession in the Fox Valley - Less shipping has translated to slow business
Marinette,WI,USA -The Appleton Post Crescent, by Nathan Phelps -December 24, 2008: -- Yellow tractor units passed through the yard at John Veriha Trucking in Marinette on a gray day in late November... It was another day of business for the family owned trucking company that employs about 320 people... Trucking companies like Veriha and Schneider National have weathered a severe storm that has shaken the industry since late 2006 and has seen about 2,600 companies with five or more trucks leave the business in first three quarters of the year... Despite those grim figures, both firms are investing in their fleet, equipment and businesses to capitalize on the market when the economy turns around... * Ryder buys assets of New England trucking firm
Miami,FL,USA -The Miami Herald -24 Dec 2008: -- Miami-based Ryder System (R) has agreed to buy the assets of a New England regional trucking company... The new acquisition, Edart Leasing of Hartford, Conn., adds 1,600 trucks and 340 customers to Ryder's business... It was the latest in a series of deals in which Ryder has been buying up smaller trucking firms. One of the largest was Ryder's April agreement to buy the assets of Doral-based Gator Leasing, which had 2,300 trucks and 300 customers... Ryder announced plans last week to cut 700 U.S. jobs and pull out of several Latin American countries... Labels: trucking industry news USA
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