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PROGNOSIS * USA - Capacity Crunch, Improved Rates Are in the Cards
Presented some of the uncertainties still facing the industry, including when fleets will add capacity
USA -TruckingInfo, by Diana Britton -10 March 2010: -- Truckload carriers nationwide have greater confidence that business will improve in the year ahead, with 70 percent expecting volumes to increase in the next year and just over 50 percent predicting improvements in rates in the next year. The data is part of Transport Capital Partners' recent Business Expectations Survey, which was presented by TCP Managing Partner Lana Batts during a conference call hosted by Stifel Nicolaus Friday... During the call, Batts provided listeners with a positive outlook for the trucking industry in the year ahead. "The capacity crunch has already started," she said. In her conversations with carrier executives at the Truckload Carriers Association's annual meeting, she found that fleets are already overbooked and did very well in February, despite it historically being a low month... Batts also presented some of the uncertainties still facing the industry, including when fleets will add capacity. While there was a slight boost in the number of fleets adding capacity from the September 2009 survey, there are more fleets indicating that they will not only wait until the economy improves to add capacity, but they are also waiting on rates to improve and the fleet to be fully utilized, Batts said...* Germany - Daimler’s Renschler Says Global Truck Market Recovering Slowly
Stuttgart,Germany -Transport Topics (USA) -11 March 2010: -- The head of Daimler AG’s truck unit said worldwide truck demand may take several more years to return to pre-recession levels... The western European market will bottom out this year and post a “slight” increase for the full year, Andreas Renschler said near Daimler’s headquarters in Stuttgart, Germany... U.S. demand will rise by about 15% and emerging markets in Brazil, China and India will continue “stable” growth, he said. The truck unit’s sales will be less than the 472,100 trucks delivered in 2008, adding he would “be happy to return to 2004 levels in two to three years... Daimler Trucks makes Freightliner models in North America, Mercedes-Benz heavy vehicles in Europe, and Fuso trucks in Asia...
Labels: trucking markets prognosis
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