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Economy * Canada - Bellwether Trucking Industry Sees Signs That Worst May Be Over for
But Ontario & US Yet to Hit Bottom
Toronto,ONT,USA -Marketwire -July 23, 2009: -- The trucking industry is one of the best leading indicators of economic activity there is. Truckers, who haul virtually everything that individuals and businesses consume and produce everyday, are usually first in and first out of economic cycles. So, if the latest Ontario Trucking Association Business Pulse e-Survey is any indication, there may be some light trickling into the end of the recessionary tunnel after all. The survey of trucking companies conducted between July 6th and July 20th, 2009 indicates that the bellwether industry is less pessimistic heading into the third quarter. The gap between the proportions of responding trucking companies (or carriers) that are pessimistic versus those who are optimistic about the industry's prospects over the next three months has virtually vanished at 32% each. (In the second quarter survey the gap between the pessimists (43%) and the optimists (27%) was 16 percentage points. In the first quarter survey the gap was a whopping 35 percentage points). Still, there is a lot of uncertainty. An almost equal share (35%) of the respondents remains unsure about prospects for the next quarter, compared to those that are either optimistic or pessimistic... (Video from YouTube, by dylanwinter1 - 21 Febrero 2007: "Big Trucks in the Canadian West" - Big Log trucks on dirt roads in British Columbia - Volvo, Pacific, Hayes, Kenworth, Peterbilt. Now look at "Three Truck Tow" - three 500 hp trucks moving one 150 tonne load. Probably the best off road truck drivers in the World... Music from BC guitar legend Doug Cox -http ://cdbaby.com/cd/coxbutler...)
Labels: trucking industry Canada
posted by Unknown @ 2:50 PM
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