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ANALYSIS * USA - Slowly but Surely, Truck Tonnage on the Road Back
This is going to be a U-shaped recovery, not the hoped-for V-shaped jet job
New York,NY,USA -The Gerson Lehrman Group/Intelligently Connecting, by John Schulz -September 25, 2009: -- That's the message from the latest truck tonnage index reported by the American Trucking Associations. Its August seasonally adjusted index rose 2.1 percent in August, the same increase reported when July 2009 numbers were released... It may not be much, but in fact this is the best reading since February of 2009. This is certainly good news for the top-flight truckload carriers... ATA Chief Economist Bob Costello, who oversees the month ATA truck tonnage index, says he's optimistic the worst of the trucking downturn is over. Still, he is warning against any rapid surge in freight demand. Rather, shippers and manufacturers are replenishing inventory on an as-needed basis, cautiously putting their toes in the waters of the economic recovery... That means the fourth quarter is unlikely to produce the cumulative 4.3 percent gain that the truck index has registered in the past two months. Truckers I speak with say they would be satisfied with perhaps that much increase, as long as it were part of a long, prolonged economic recovery in 2010 and beyond... (Photo from roadtransport : Hey, it could I now to change my truck... ??)
Labels: trucking industry analysis USA
posted by Unknown @ 6:36 AM
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