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TRUCKING INDUSTRY CRISIS * WORLDWIDE
COMMENT * USA - Trucking market's longer term downward trend revealed
USA -Transport Intelligence(London,UK), by Chris Thorby -18 Dec 2008: -- With the US economy showing no sign of recovery yet, the contraction of the country's trucking industry seen in 2007 and the first half of 2008 looks set to continue. That is largely due to fuel price rises and softening road freight volumes in North America... According to the American Trucking Associations (ATA) in its report 'American Trucking Trends 2008-2009', 1,985 motor carriers with at least five trucks went out of business in 2007, 52% more than in 2006 (about 96% of US trucking companies operate fewer than 20 vehicles)... Furthermore, the number of failures accelerated in the first half of 2008, reaching 935 in the first quarter and 970 in the second quarter... The number of truck drivers in the US decreased by 15,000 (0.4%) in 2007, compared with the previous year, down to 3.46m. By contrast, between 2001 and 2007 for-hire and private fleets added 304,000 drivers... ATA's For-Hire Truck Tonnage Index, which measures tonnage and revenue figures across the US trucking industry, has decreased for three consecutive years. It fell from 115.6 in 2005 to 113.6 in 2006, then to 112.0 in 2007 (with 2000 being 100.0). For several years prior to 2005, the index reported year-on-year increases. The index has continued to fall in 2008 .. ATA also reported a 4.6% drop in US truck sales between 2006 and 2007, with a five-year low of 8.8m trucks being sold last year. Trailer sales were down by 19.4% in 2007, to 224,000 units, the first annual reduction since 2001...* Czech - Economic slowdown cuts orders for trucking firms
Brno,Czech -Aktuálně.cz, by Radek Vičík -17 Dec 2008: -- Lorry traffic on Czech roads has been declining towards the end of the year as the global financial crisis has reduced demand for some commodities and forced manufacturers to slow production. Most affected are hauliers serving the car and glass industries... Česmad Bohemia, an association of Czech road hauliers, does not feel the sector as a whole is facing a major threat... "We don't yet know the precise number of bankruptcies, but it is common that up to 200 [trucking firms] go out of business every year," says Česmad spokesman Martin Felix... "It's hard to generalize. The crisis has affected mainly carriers serving the automotive and glass industries. In the spring we were facing expensive diesel. Now it's cheaper, but orders have dropped by 20 percent," says Felix... (Photo by vič - Some firms have parked lorries for the winter as orders decline)Labels: trucking industry news worldwide
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