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ANALYSIS * USA - Truck analysts say climb back from recession will be slow
Make money by charging more money? Some carriers have figured it out
Nashville,IND,USA -Today's Trucking (CAN) -11 Sept 2009: ... According to speakers at the recent FTR Associates' Freight Transportation conference in Indianapolis, unlike previous recessions, subdued consumer spending will slow the pace of recovery this time, meaning growth in freight volumes will be slow and gradual... Freight transport, therefore, will continue to be a buyer's market for the near term, as depressed freight levels and substantial excess capacity will continue to be the rule... Equilibrium for carriers -- the U.S. at least -- may not be reached until 2011 unless there is a more rapid recovery than currently expected, says FTR... Meanwhile, don't expect a significant bump in equipment purchases or fleet acquisitions, says Richard Mikes, a managing partner at Transport Capital Partners, which consults with transportation companies on mergers and acquisitions and other areas... According to a recent survey by the firm, 38 percent of carriers expressed interest in buying other carriers in the next 18 months, while over 70 percent expect credit availability to stay the same or increase over the next two years... Sixteen percent responded that they had no plans to add capacity in the foreseeable future, while another 25 percent will not add capacity until the economy improves... (Photo from big-lorry-blog: Truck being loaded, it's a Pierce-Arrow 1929 )
Labels: trucking industry analysis USA
posted by Unknown @ 6:23 AM
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