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TRUCKING ANALYSIS * USA & Canada - Trucking companies: struggling with overcapacity but seeing signals of recovery
With the reduction in fuel prices and excess capacity, US trucking companies are engaging in price wars and competing in the difficult environment to increase volumes
New Jersey,USA -Trading Markets/Datamonitor via COMTEX -Feb 11, 2010: ... Conditions are predicted to improve, however, with anticipated increased business spending in the country set to boost demand for trucking services... The trucking industry in the US, including less-than-truckload (LTL) and full-truckload (TL) transport, has been seriously hit by weak demand. Truckload operations involving manufacturing and retail goods saw demand dwindling due to the low purchasing power of clients and the overall slowdown of the US economy. As a result of overcapacity in the market, the largest truck operators in the US have reported losses in 2009... To increase truckload volumes, many trucking companies, such as Old Dominion Freight Line (ODFL) and FedEx, slashed their prices during the year, leading to a decline in LTL rates of 5-15% compared to 2008. Although there has been a gradual revival in volumes, firms in the sector are yet to see a rise in profitability... Nevertheless, Q4 saw a reduction in the ongoing losses experienced by the trucking operations of these companies... (Picture from boolsite.net* REPORT - Indicates more shippers are going green and expect suppliers to follow
New York,NY,USA -Logistics Management, by Sean Murphy -16 Feb 2010: -- Not only are corporations getting on the green bandwagon, but they are beginning to demand the same from their suppliers, to the point of cutting loose any suppliers that don't have carbon management plans of their own, according to a new report from the non-profit Carbon Disclosure Project and consultant firm A. T. Kearney... If your company acts as a supplier to larger corporate clients, you'd better be prepared to discuss sustainability and environmental business practices, because you can bet your clients will want to... That's the message of the results of a new survey conducted by the Carbon Disclosure Project (CDP), a nonprofit organization that collects climate change data from the corporate world. The CDP conducted the survey with the help of global management consulting firm A. T. Kearney, which released the results last week...
* Analysis - Truckers benefit from factory activity
Kansas City,MO,USA -Today's Trucking (CAN) -12 Feb 2010: -- A U.S.-based transportation consultancy says the recent rise in factory utilization and industrial production is causing increased activity among full load (TL) carriers south of the border... Analysts with TranSystems say haulers carrying steel, copper, plastic resins, and other materials critical to industrial manufacturing are seeing upticks in activity as more and more companies gear up to fill reorders of merchandise... Players in the LTL arena, on the other hand, are reporting worse than average seasonality in January... The most recent TranSystems Transportation Activity Index (TTAI) shows economic recovery is largely benefiting the air cargo industry, marine carriers, and certain elements of the trucking industry...
* Canada - Forbes Energy Services Reports Selected Operating Data for January 2010
Yukon Territory,Canada -PR Canada.net, by marin2008 -16 Feb 2010: -- Forbes Energy Services Ltd. today announced its rig and trucking hours billed for the month of January 2010... - See . . . (pr-canada.net/index) - ... Working days represent the week days in the month less holidays. Rig and truck hours represent actual hours billed to customers... John Crisp, Forbes Energy's President and Chief Executive Officer, commented, "We're pleased to report that the new year has seen a continuation of the recent upward trend in rig and truck hours. Based on industry trends and conversations with customers, we expect to see gradual improvement throughout 2010, driven largely by oil related activity and the growth of the Eagle Ford Shale play in South Texas"... Forbes Energy Services Ltd. is an independent oilfield services contractor that provides a broad range of drilling-related and production-related services to oil and natural gas companies, primarily onshore in Texas, Mississippi, Pennsylvania and Mexico... (Photo from boolsite.net)Labels: transport and logistics reports, trucking industry analysis USA
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