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ANALYSIS * USA - Truckers continue to report low demand, rate declines
Fourth-quarter reports show demand for freight nosedived
Newton,MA,USA -Purchasing.com by Dave Hannon -3 Feb 2009: -- The fourth-quarter financial reports from a variety of less-than-truckload carriers showed steep volume declines at the end of 2008 continuing into early 2009, putting some carriers at risk... Most carriers said demand declines got progressively worse throughout the fourth quarter, a trend identified by Purchasingdata.com’s transportation services buying plans index, which has shown declines in demand for freight since August... And those declines have some carriers reducing LTL rates, while others warn that buyers should beware of carriers offering rates that are unsustainable...* Spotlight: Trucking Trends
New York,NY,USA -ThomasNet Industrial News Room, by Jorina Fontelera -February 3, 2009: -- With consumer spending so low and credit so tight, leveled-off gas prices offer little respite for trucking fleets, truck makers and truck-part manufacturers... Industry observers agree that the bargaining strength will be solely in the shipper's hands in early 2009, so carriers are advised to negotiate and renegotiate to lock in conditions of contract for as long as possible, especially in relation to fuel, Logistics Management reports. Given the instability of fuel prices of late, carriers should continually readjust and adapt until the market settles late in 2009...
Labels: trucking industry analysis USA
posted by Unknown @ 7:36 PM
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