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TRUCKING INDUSTRY ANALYSIS * USA
* USA - TI Sees trucking recovery
Demand in the trucking industry is improving as downsizing and the failures of smaller companies have paved the way for existing trucks to carry more freight
NewYork,NY,USA -Business Week -February 25, 2010: ... KeyBanc Capital Markets' analyst, Todd C. Fowler, said earnings will possibly grow because of the current shift. Fowler added that demand now seems to be improving as well... That's good news for the trucking industry and the overall economy, because when the trucking industry shows improving demand, it means more manufacturers are making goods and more retailers are ordering them... Fowler said industry volumes are improving this quarter beyond his initial expectations, as more retailers stock store shelves on encouragement from a better-than-expected holiday season... Adding to the spur in demand are reports of fleet downsizing, which is good news for remaining truckers because it reduces competition for freight... Fowler said some of his contacts are reporting that truck supply could come into balance with demand as early as next quarter. Trucking demand hasn't outpaced supply in over three years, when the first signs of a recession surfaced... (Photo by Monica Almeida/NYTimes: Truck at Los Angeles port)* USA - 1.8% Growth Predicted For US Freight Market In 2010 - United States Freight Transport Report Q2 2010
Washington,DC,USA -Official Spin/Companies and Markets.com & OfficialWire (London,UK) -February 25, 2010: ... Road haulage freight traffic grew quite strongly in 2002, and maintained a slightly slower but steady expansion thereafter until 2008. Prior to the economic slowdown, the constraints have been to do with road congestion and a lack of haulage capacity, but although environmental standards will become more demanding, we do not envisage federal action to impose major new road taxes. We expect truck cargo traffic to grow at a 1.6% annual average to 2014...* USA - Disconnect seen between freight and equipment trends
New York,NY,USA -Fleet Owner, by Sean Kilcarr -Feb 25, 2010: -- Despite a continuing uptick in freight volumes, most analysts still remain cautious about the trucking industry’s prospects for 2010 – especially given a growing disconnect between freight levels and commercial equipment orders... On the freight side, the American Trucking Assns. (ATA) reported that its for-hire truck tonnage index jumped 3.1% in January, following a 1.3% increase in December 2009. Compared with January 2009, the tonnage index surged 5.7% – marking the best year-over-year reading since January 2005... The same concerns are prevalent on the trailer side of the industry’s equipment ledger, said ACT’s Vieth. January 2010 commercial trailer net orders were up 10% from January 2008 and relatively consistent with weak recent trends, he noted, but performance within individual trailer segments varied widely from strong to weak... Flatbed and heavy lowbed markets, both closely tied to the construction sector, posted very weak net orders, added Vieth, with reefer trailers along with tank and dump trailers posting stronger net order numbers in January...Labels: trucking industry analysis USA
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