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TRUCKING INDUSTRY ANALYSIS * USA - Capacity fears keeping some truck rates steady
Truckload and LTL demand stateside is "extraordinarily weak" and while capacity has been declining rapidly, it is not keeping up with the drop in demand
Baltimore,Md,USA -Today's Trucking -4 Feb 2009: -- Like that of many trucking economists these days, that's the word from John Larkin of Stifel Nicolaus Transportation Research... During a webcast hosted by Logistics Management Magazine last week, he noted that on the truckload side, small fleets have been downsizing for the last three years, but large fleets have been declining only since mid-2007... Meanwhile, Stifel Nicolaus estimate that in 2008, roughly 130,000 to 140,000 trucks came out of the U.S. industry (6.5 percent) due to company failures, which is on top of another 6.5 percent reduction related to carriers downsizing... However, he believes that by the end of this year, the freight environment may show signs of improving, albeit slowly... (Photo: Things in the U.S. are going to get worse before they get better, American freight economists conclude.)Labels: trucking industry analysis USA
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