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Apr 19, 2010

ANALYSIS * USA - Owner-operators may want to brace for higher summer diesel

"What hurts owner-operators will hurt the economy overall"


Lexington,MA,USA -The Trucker, by Dorothy Cox -16 April 2010: ... IHS Global Insight's, Charles Clowdis Jr., said: As more and more owner-operators are forced out of business those fleets that don’t have company drivers or that use owner-operators to supplement their driver pool are going to be in a very vulnerable situation... As diesel prices rise, “motor carriers and all transport providers in the U.S. will feel the impact on their operations,” said Clowdis, managing director, transportation consulting... Additionally, China and India are once again consuming great quantities of oil... He said, “I have great empathy for owner-operators,” he added. “They always take the brunt of something like this”... As more and more owner-operators are forced out of business those fleets that don’t have company drivers or that use owner-operators to supplement their driver pool are going to be in a very vulnerable situation... “That takes away capacity and that takes away the drivers who could supplement the for-hire guys”...

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