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TRUCKING MARKET ANALYSIS * USA - LTL revenues benefit from improved pricing and increases in tonnage
Less-Than-Truckload carriers continued to focus on yields as opposed to market share
(Video from YouTube, by ConwayInc -5 Aug 2008: Life of a Con-way Truckload Driver)
Atlanta,GA,USA -Transport Intelligence (UK), by Cathy Roberson - 9 Feb 2011: -- Major LTL providers ABF, Con-Way and Old Dominion reported healthy revenue increases for the quarter: 19%, 5.6% and 28.3% respectively. A 4.7% decline was reported by YRC due to weakness in its National network as they continued to close facilities as well as lose customers in this segment. For those companies reporting positive revenue increases, all noted general rate increases implemented in the quarter were relatively successful as customers appeared to have accepted the increases. Tonnage increases also contributed to the rise in revenue... Improvements such as network realignments and pricing have been made, expenses will be a concern moving into the next few quarters. Carriers plan to reinstate wage increases and other benefits that were impacted during the recession. Rising cost of oil will also be a concern for carriers. For many though, the oil costs will translate into increased fuel surcharges that will be passed along to customers. Individually, ABF's ongoing legal case against the Teamsters will be a drag on operating expenses for the company... LTL industry focus for the next couple of quarters will continue to be on cost controls, pricing and operational improvements. An emerging trend observed in Q4 2010 was growth in guaranteed/expedited services. Although this was seen as a reaction to the tight inventory levels, look for carriers to promote and enhance these service offerings as a way to improve margins...
posted by Unknown @ 7:00 AM
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