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A Trucker's View * USA - The Economic Recovery
"I don't believe that we're completely out of the recession, but we are making a huge turn"
Minneapolis,MN,USA -PRI and WNYC's The Takeaway -5 August, 2009: -- Cliff Hagedon, owner and operator of a trucking business, has a unique vantage point of the process of economic recovery... Economists offer an academic view of the economy—they know the numbers, the rates, and the interest. But if you want to know the reality behind those numbers and find out what's happening on the ground, there's only one view: the trucker's view. Cliff Hagedon owns Fort Gratiot Express trucking; he carries freight across the nation. The more people buy, the busier he is... Load boards are systems used by truckers to find loads in need of transport. After completing a delivery, a driver may search for their next load to be delivered in that city or surrounding area. This protects drivers from the money-losing situation of operating with an empty trailer when going to the next location... This is a much different situation than Hagedon saw one year ago. The key is the ratio between loads and available trucks. "A year ago, I would have been seeing 50 loads and 250 trucks"... While Hagedon jokingly admits that he is not an economist, he sees this change as a possible leading indicator of economic recovery... (Photo by swh / Flickr)* USA - Trucking takes on fuel speculators - Petroleum futures regulation
Washington,DC,USA -Fleet Owner, by Sean Kilcarr -Aug 5, 2009: -- At hearings being held by the federal government’s Commodity Futures Trading Commission (CFTC), the trucking industry is calling for more regulation of the markets that trade in petroleum futures – specifically to head off the type of fast upward swings in diesel prices that ravaged motor carriers in 2008... Steven Graham, vp of TL carrier Schneider National – speaking on behalf of the American Trucking Assns (ATA) – said sudden fluctuations in operating expenses, especially fuel, wreak havoc on the trucking industry. Coupled with the severe downturn in the economy and soft demand for freight transportation services, trucking companies are now struggling to survive – noting that in 2007 and 2008, over 5,000 trucking companies with at least five trucks failed.. Labels: truckers' point of view
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