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SURVEY * USA - Recession Reshapes Trucking
As tonnage plummets and shippers struggle to pay bills, more truckload carriers are looking for an exit — or a new strategy
Newark,NJ,USA -The Journal of Commerce Online, by William B. Cassidy -Mar 24, 2009: -- This recession could lead to fundamental change in trucking comparable to the upheaval that followed motor carrier deregulation in 1980, says Transport Capital Partners, a Nashville, Tenn.-based financial consulting firm that specializes in trucking acquisitions and finance... Almost one quarter of the truckload carriers surveyed by the firm this month said they were giving “serious consideration” to leaving the business or liquidating if tonnage does not increase within the next six months — an event only 21.4 percent of the carriers said they expect... TCP's report provides further evidence of the recession's impact not just on trucking but transportation and supply chains. Carriers of all types and modes are throttling back capacity as shippers are pounded by plunging demand for the goods they produce or sell... The result, TCP and others warn, could be a radically smaller carrier and equipment pool that could leave shippers short on the docks just when they need trailer space...Labels: surveys
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