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TRUCKING INDUSTRY NEWS * USA - Jacksonville truckers seeing less cargo as recession takes hold
Jacksonville, USA -The Jacksonville Business Journal, by Mark Szakonyi -December 22, 2008: -- It’s as if someone turned the tap off... The amount of goods and raw materials moved through Jacksonville and the rest of the nation by rail, truck or both became a trickle in October due to decreased demand and many manufacturers’ inability to get credit. The slowdown is even more alarming because October is one of the busiest months for logistics companies as retailers stock up for the holiday season... * “I’m hearing nothing but gloom and doom,” said Haddon Allen, president of Coastal International Logistics Inc. “It’s going to be a long slog”...
* General Transport Inc. is experiencing a decrease in business, with some customer orders down as much as 60 percent, but the company has stayed afloat because it curbed fleet expansion and has a range of customers.
* Grimes Trucking Co. experienced a decrease in traffic in November but the pace has quickened this month, said Ike Sherlock, the company’s vice president.
* CSX Corp. has also been handling less traffic, with a 3 percent decrease compared with last year, company spokesman Garrick Francis said.
* PenserSC has reduced the amount of trucking it contracts out and kept the orders in-house. Barnett said the seasonal slowdown of about 10 percent between October and November was exacerbated by an additional 20 percent decrease in traffic.
... The next year doesn’t look promising, either. Cargo is expected to drop by about 7 percent compared with 2008, according to a Credit Suisse Group report...
(Photo by James Crichlow - Freight being unloaded for storage at PenserSC’s Northside warehouse. The company has experienced a 20 percent decline in normal seasonal traffic)
* Trucking Forecast Soft in First Half
Washington,DC,USA -Traffic World, by Thomas L. Gallagher -22 Dec 2008: -- Demand for heavy duty trucks and trailers won't return until at least the second half of 2009, says an industry authority... The near-term outlook for the commercial vehicle market suffers from economic weakness that started with the housing sector and spread to consumers and then to businesses, said A.C.T. Research in a recent conference call on the topic... Falling energy prices and the upcoming government stimulus packages should begin to drive recovery by the second half of the year, A.C.T. said. If so, the current reduction of capacity in the U.S. tractor fleet could spur recovery in a tighter supply environment... Demand for trucking equipment fell partly because export volume has declined in recent months as the dollar grew stronger in a weakening global economy. Other causes included freight decline in the less-than-truckload market, where the fixed costs are higher and the consequences harsher than in the truckload sector. Trailer demand is down, too, partly because of better quality trailers that last longer as well as due to lower freight demand...
Labels: trucking industry news USA
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