![[Valid Atom 1.0]](valid-atom.png "Validate my Atom 1.0 feed")
ANALYSIS * USA - Truckload Demand Rising, Morgan Stanley Says
Freight index rises in January's first week, but excess capacity weighs on pricing
New York,NY,USA -The Journal of Commerce Online, by William B. Cassidy -January 11, 2010: -- Truckload demand gained strength in early 2010, with little sign of a post-holiday downturn, according to Morgan Stanley... The investment firm's Truckload Freight Index, a measure of incremental truckload demand versus supply, rose from 2.06 to 2.13 in the first week of January... However, that demand won't immediately mean higher pricing or profits for carriers, Morgan Stanley said. "Excess capacity and 2009 contract renewals continue to weigh on pricing"... The Wall Street firm said it expects truckload carriers to report positive revenue per tractor in their fourth-quarter results but says revenue per loaded mile "may take another quarter or two to turn"... Carriers should be able to recoup some of their recent pricing losses in first quarter contracts, the company said... (Photo from lgiinc: less than truckload)
Labels: trucking industry analysis USA
posted by Unknown @ 5:34 AM
0 Comments:
Post a Comment
<< Home