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OPINION * USA - Lessons learned from the downturn
Arlington,VA,USA -Fleet Owner, by Sean Kilcarr -Jan 7, 2010: -- There many lessons to be learned from the “Great Recession” of 2008-2009 for truckers of all shapes and sizes, according to G. Tommy Hodges, chairman of the American Trucking Assns. (ATA). But perhaps the most important one, he believes, is this: no matter how well prepared a trucking company, big or small, might be in terms of capital reserves, fuel surcharge contracts, etc., sometimes it just isn’t enough to stave off disaster... “There just aren’t a lot of ways to prepare for what our industry is going through right now,” he told FleetOwner in a sit-down interview at ATA’s headquarters... A new perspective on the political front concerning regulation complicates the business scenario further, Hodges believes. “The new regulatory mindset now between government and business is that regulations are going to dictate how you do business,” he said. “While this doesn’t sound like a bad thing, it’s a problem when you couple this mindset to the philosophy of the entrepreneur, which seeks to turn over every rock to save costs and be as efficient as possible”... In Hodges view, those two approaches can’t coexists successfully. “That heavy layer of regulation is going to take away a lot of flexibility and touches every single part of our business – equipment, labor, the services we offer,” he said. “That is the real paradigm shift we face today, and it’s going to really put out ability as an industry to adapt to the test”...Labels: trucking industry opinions
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