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PROGNOSIS * USA - Fitch Forecasts Modest 2010 Growth
Rail, truck volumes seen rising mildly since second quarter
New York,NY,USA -The Journal of Commerce Online, by Thomas L. Gallagher -Dec 14, 2009: -- Fitch Ratings expects modest volume improvements in 2010 for the U.S. railroad and trucking industries as overall gross domestic product growth may reach 1.8 percent, hampered by high unemployment while consumers dig out of debt... Rail and truck volumes bottomed out in the second quarter, Fitch said, and have been in a mild but positive growing trend since then. Year-over-year comparisons are expected to be positive in the first quarter of 2010, but overall freight demand is not likely to return to pre-recession levels until some time in 2011, at the earliest, Fitch said...* USA - Analyst Sees LTL Truck Rates Deteriorating
Independence,OH,USA -The Journal of Commerce Online, by William B. Cassidy -Dec 14, 2009: -- Low prices drop further as carriers battle to fill networks, Longbow Research's, Klaskow, says... Already low less-than-truckload rates are falling further as truckers become “incrementally more aggressive"... FedEx Freight and Con-way Freight “continue to be the leaders when it comes to aggressive pricing,” said Klaskow. “We believe pricing can do down even further as we head into the slow winter freight season.” Shippers report rate discounts as deep as 85 percent, Klaskow said... LTL rates were already anywhere from 5 percent to 15 percent lower than a year ago going into December, according to analysts and carrier executives... Klaskow expects bitter price battles in coming quarters, despite forecasts calling for higher demand and more stable rates. The first quarter is typically the weakest for freight, he said, “and we expect pricing to be exacerbated by looser capacity”...
Labels: trucking markets prognosis
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