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TRUCKING INDUSTRY NEWS * USA - Trucking keeps on churning
Carriers exit market, which could lead to capacity crunch when economy starts rolling again
Newark,New Jersey,USA -The Pacific Shipper, by JOHN GALLAGHER -January 5, 2009: -- At the start of 2008, trucking executives looked forward to an end to the economic downturn by the second quarter. But the elusive recovery proved harder to catch than a Class 8 tractor with no brakes on a downhill grade... Truckers could only watch as it moved farther toward the horizon, finally disappearing as it zipped past the banking crisis in the third quarter... As the trucking industry rolls into 2009, it’s clear that there will be much less freight hauled by far fewer trucks as trucking companies and shippers strive to survive the fourth year of a “freight” recession that now grips the entire economy... “It’s bad for shippers, but frankly it will be good for those carriers that can survive”... Those that do probably won’t pre-buy as many trucks to meet new 2010 emissions standards as in 2006, the year before the 2007 emissions standards took effect. In 2006, many carriers purchased trucks to avoid paying for pricier anti-pollution-compliant vehicles the following year. However, pre-buying trucks in large quantities at this point in the recession would seem like economic suicide... That will help carriers keep capital spending in check, but it will also further constrain capacity — which will lead to the large and fast rate increases that brokers are predicting if the economy is able to recover sometime this year... (Photo: ABF Freight System - Shippers will have fewer LTL carriers to choose from by the end of 2009) * Trucking firm eyes 300 more job cuts
Petersburg,PEN,USA -The Lancanter On Line, by TIM MEKEEL -6 Jan 2008: -- An East Petersburg trucking firm is looking to slash about 300 more jobs as it combines divisions... YRC Worldwide wants to close its Roadway Express terminal here, cutting 95 jobs, and downsize its Yellow Transportation terminal here, trimming 207 other jobs... These actions would begin March 1... The moves would eliminate about three-fourths of the jobs at YRC's complex on Main Street, where numerous layoffs over the past 20 years have pared the payroll to about 400 employees...
* Recession creates a load of problems for truckers
Cuts at firms are pushing more haulers into the ranks of independent owner-operators, spurring bidding wars for fewer jobs
Los Angeles,CA,USA Times -Los Angeles, by Ron White -January 7, 2009: -- In early December, trucker Joe Rini learned that his own personal recession had just gotten worse... One of his best clients called about a load of building materials that needed to travel to the Pacific Northwest, Northern California and Colorado -- normally a $4,400 job. Rini offered to do it for $3,400... But before Rini's truck had arrived to pick up the load, the Cleveland-area customer of more than four years called back. Another trucker had offered to do the job for $400 less. Would Rini match it?... The answer, which was hard to spit out, was no... "I didn't want to bid that low in the first place," said Rini, speaking from the road as he completed a trip from Ohio to California and Arizona and back to Ohio. "I start down that slope and I'm out of business"... A total of 785 trucking companies with a combined fleet of about 39,000 trucks went out of business in the third quarter, bringing the number of company trucks idled in the first nine months of 2008 to more than 127,000, or 6.5% of the industry, reported Donald Broughton, trucking analyst and managing director of Avondale Partners... (Photo by Jay L. Clendenin / Los Angeles Times - Carlos Solis moves a tanker container to a temporary storage location at Ventura Transfer Co. in Long Beach. The company uses its own truck drivers and independent owner-operators to haul liquid and dry cargo)Labels: trucking industry news USA
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