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TRUCKING INDUSTRY NEWS * USA - Hard road ahead
* Trucking rates fall amid low demand, heavy competition
Greensboro,NC,USA -The Business Journal of the Greater Triad Area, by Laura Youngs -March 29, 2009: -- Heavier competition and dwindling demand for consumer products are forcing trucking companies in the Triad to lower prices, cutting into already suffering revenues and leading some firms to lay off workers... Freight haulers in the area already were hurting after a painfully slow holiday season that is normally a major time for business. But in recent months, company officials say they’ve gone from holding steady on their mileage rates — how much they charge per mile traveled — to bidding at levels not seen, in some cases, since the early 2000s... “I don’t look for (pricing pressure) to stop real soon,” Ron Boroughs, senior vice president of business development and administration at Furniture Transport Group in High Point, said... “I still think we’ll be fighting this for a while.”...* Truckers slog through recession, face tough air rules
San Bernardino,CAL,USA -The Inland Valley Daily Bulletin, by Matt Wrye -29 March 2009: -- Economic recovery for the Inland Empire's logistics industry means more than just getting truckers back on the road and forklift drivers moving through warehouses again... It means adapting and surviving the nation's toughest clean-air rules scheduled to hit the books over the next decade, long after the economy recovers... The one-two punch of a profit-siphoning recession and strict carbon emissions laws are eating away the financial cushion of several small trucking companies, third-party distributors and other goods movement businesses... The ones who aren't going belly up see brighter days ahead when federal stimulus monies start flowing into the region. Equipment and materials will need to be moved from one place to another... But the emissions standards are here to stay, forcing some operations out of business and others to lay off workers, hunker down and evolve... (Photo by LaFonzo Carter - Saul Nuno, of Apex Bulk Commodities in Fontana, heads out on his daily assignments Tuesday. The Inland Empire's distribution and storage industry has been hit hard by the recession and faces tough clean-air rules)* Mid-States Bankruptcy Filing May Signal Further Trucking Woes
Austin,TX,USA -Dow Jones/The Wall Street Journal, by Bob Sechler -March 30, 2009: -- The bankruptcy filing of Mid-States Express Inc., a midsized U.S. trucking company, is raising industry concerns about a fresh wave of failures amid slowing demand... The privately held company based in Aurora, Ill., started notifying customers late last week that it would cease operations and filed for bankruptcy in an Illinois court Friday... The U.S. trucking sector saw dozens of bankruptcies in the first half of last year as slowing demand collided with soaring diesel prices. The failure rate abated in the fall as fuel started to moderate... However, demand fell sharply from last November, adding to existing overcapacity... The fall in volume led to layoffs, furloughs and service cutbacks at carriers that transport goods either by truck, rail or cargo plane...
Labels: trucking industry news USA
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