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* USA - TRUCKING INDUSTRY: "The industry is not adding much capacity today”
* California - ATA Economist: Industry faces capacity crunch
Anaheim,Orange County,CAL,USA -Truckinginfo, by Jim Beach -September 24, 2013: -- The trucking industry is looking at a severe capacity crunch in coming years with a variety of factors contributing to the situation, according to Bob Costello, chief economist of the American Trucking Associations... Speaking at TMW Systems’ Transforum 2013 user conference, Costello said, “‘we are headed for a capacity problem. The industry is not adding much capacity today” ... That makes sense, considering the recent downturn and slow growth. Looking at for-hire trucking, Costello said that about the same number of trucking firms added tractors as decreased tractors (39% to 37%) while 24% of fleets reported no change in their fleets. Some of the companies reporting no change have moved trucks to different work, from dry van to tank for example, but on the whole, the industry has added few trucks the last two years... Further reducing the number of trucks is an increase in used Class 8 truck exports. Costello forecasts up to 22,000 units exported for sale this year, with half of those going to Mexico. Earlier in the decade, most of the used trucks exported went to Nigeria and Russia during those country’s energy booms... Costello also pointed out that overall, the number of independent contractors (owner-operators) has stayed somewhat flat since 2012, while the number of company drivers had increased. For small truckload carriers, there has been an 8.6% increase in company drivers while independent contractors have dropped 7%. He theorized that could be caused by owner-operators moving to larger carriers who have programs in place to help owner-operators get newer trucks... While the industry is not replacing trucks, other factors are also contributing to future capacity problems, among them reduction in productivity due to electronic logging devices, fewer qualified drivers and increased demand for trucks and less supply... The driver situation could become a big problem, Costello said...
posted by Unknown @ 6:39 AM
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