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Good news for truckers * USA - Diesel to dip below gas as Valero output rises
"The really fast drop in fuel prices gave many of them a last breath"
New York,NY,USA -The Republican American/Bloomberg News, by Robert Tuttle -22 Feb 2009: -- Diesel is falling below gasoline after two almost uninterrupted years of selling at a premium as the global recession saps demand for the world's most-consumed transport fuel and inventories rise... Falling costs already helped the trucking industry, where bankruptcies declined 61 percent in the second half of 2008, according to the American Trucking Associations... Knight Transportation Inc., a Phoenix trucker, earned $16.1 million in the fourth quarter, the year's best, when revenue was the lowest at $174.8 million. "Profitability in the quarter was helped by falling diesel prices," said Kevin Knight, the chief executive officer... Lower fuel bills are helping truckers stay in business as falling consumer demand reduces the amount of goods shipped across country... Fuel costs account for about 20 percent of expenses, down from 40 percent last summer, said Bob Costello, the ATA chief economist... (Photo: Heavy duty trucks USA -Conventional Truck) 
* NTEA offers survival strategies to trucking industry
North Olmsted,OH,USA -Search Auto Parts -23 Feb 2009: -- Over the last two years, The National Truck Equipment Association (NTEA) has commissioned two unprecedented marketplace studies to analyze the changing work truck industry in order to provide members with a comprehensive overview and plan of attack for surviving and thriving in the years ahead... The Industry Overview and Strategic Bundle consists of two detailed reports designed to assist NTEA members and industry professionals in understanding the factors shaping and changing the industry and their implications on truck equipment firms. This Bundle highlights the challenges in today's marketplace, along with clear opportunities for growth... Key findings indicate compressed distribution and sales channels are imminent, with more sales occurring through fewer outlets and with a reduced number of suppliers and upfitters. Strategic use of technology, market positioning, finding and promoting core competencies and identifying global opportunities are examples of ways to prepare for a consolidated industry...
Labels: diesel fuel prices
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