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SURVEY * USA - “Re-set” for transportation industry under way
Eden Prairie,MINN,USA -Fleet Owner, by Sean Kilcarr -Apr 6, 2010: -- The U.S. freight transportation industry as a whole – and the trucking sector in particular – is undergoing a massive “re-set” of sorts in reaction to the global economic recession, unpredictable fuel costs, and shipment volumes below what are considered nominal levels for growth... GE Capital’s transportation finance division survey of 539 mid-market companies in seven distinct industries across the U.S., found that many transportation companies are completely re-evaluating how they do business... Other trends GE Capital sees include: fleets shrinking their size; overall length of hauls decreasing; and trade cycles being extended... In particular, the ongoing reduction in fleet size may be permanent – meaning the trucking industry is re-setting itself to a much smaller size...Labels: surveys, trucking industry news USA
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