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TRUCKING INDUSTRY ANALYSIS * WORLDWIDE
* Europe Examines Economic Impact on Truckers
Geneva,Switzerland -Outsourced Logistics (Cleveland,OH,USA) -Apr 23, 2009: -- Nearly 100 industry and government representatives attended a hearing to discuss what measures might be needed to help the European motor carrier industry survive the economic crisis. The meeting provided a view of the severity of the economic impact on trucking, but has yet to offer solutions... The economic downturn is already having a dramatic impact on HGV traffic. Traffic volumes on motorways have dropped by between 5% (France) and 34% (Spain) in December 2008 compared to the same month in 2007. First figures for 2009 show that this trend is expected to worsen in the near future. Traffic (measured in vehicle per kilometre) dropped 8.27% in December 2008 in Austria compared to the same month a year before, while the decrease recorded in January 2009 reached 20.27%. The fall in traffic is also visible when measured in terms of Average Daily Traffic (ADT). ADT in the Liefkenshoek tunnel in Belgium was reportedly 5% lower in December 2008 than it was the same month the year before, and 22% lower in January. International road traffic, which was set to grow rapidly before the crisis, also appears to be affected by the recession. The latest statistics from German motorways (Mautstatistik) show that the number of HGV crossing borders on toll roads in Germany in February 2009 had decreased 17.3% compared to the previous year... Moving through a list of consequences and indicators of the severity of the market situation, the group noted, limited access to credit is a major concern for capital intensive operators such as logistic operators investing in and employing costly equipment. In cases where transport equipment is leased, operators may be protected by long term contracts, and in these cases it is the equipment owners that are suffering the economic consequences. The road transport sector also depends on a large number of labor-intensive small and medium enterprises (SMEs), which are economically more fragile...
* USA - Trucking Sector Prices Pressured Despite Signs Of Bottom
New York,NY,USA -Dow Jones Newswires, by Bob Sechler -24 April 2009: -- Prices to ship freight by truck have been coming down as truckers fight over fewer customers amid the soft economy, a trend that may continue despite some industry optimism that steep volume declines are stabilizing... "Pricing is more competitive than I've ever seen it," Con-way Inc. (CNW) Chief Executive Douglas W. Stotlar said ... Stotlar, who estimates the less-than-truckload freight sector has about 15% to 20% too much capacity, said he sees little chance for the pressure on prices to abate this year even if freight volumes have stabilized... Less-than-truckload shippers consolidate freight from multiple customers onto single trucks... LTL shipping company YRC Worldwide Inc. (YRCW)'s national division ticked up about 1%, although the company noted the figure was helped by its decision to concentrate on the most profitable customers... YRC, which has been wrestling with a substantial debt load, reported a 30% slide in per-day tonnage at its national segment and a 22% slide at its regional business. The company said it was hurt both by the poor economy and by concerns by some customers regarding its financial position...
posted by Unknown @ 6:01 AM
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