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Aug 15, 2014

TRUCKING INDUSTRY * USA - REPORT: GE Capital:

* Connecticut - Trucking’s on the sunny side of the street


Norwalk,CONN,USA -Fleet Owner, by David Cullen -Aug 12, 2014: -- A decidedly upbeat take on the road ahead for motor carriers through the rest of the year is sounded in an extensively documented ‘Research Update’ on truck transportation prepared by GE Capital... The report tags the healthy market for new trucks as another positive bellwether. It cites preliminary data from ACT Research that showed net orders (North America) for Class 8 trucks during June soared 41% year over year— putting them at their highest level for that month since 2005. And over the entire first half of 2014, ACT indicated that Class 8 net orders were up 28% over last year’s first half... Net orders (U.S.) for Class 5-7 trucks are characterized by, GE Capital senior research analyst, Michael Zimm, as “'remaining very strong' but [they] have entered a period of increasingly challenging year-over-year comparisons. Nonetheless, monthly net orders during April were the best for any month since February 2008 and the best for that month since 2006. For the six months ending May, net orders are up 14% compared to the same timeframe a year earlier” ... With an improving economy, though, it’s not surprising that Zimm finds the driver shortage to be as stubbornly acute as ever... He refers to data released by the American Trucking Assns. (ATA) that indicated the annualized driver turnover for large truckload fleets rose 1% during Q1 92%-- marking the ninth consecutive quarter it’s been stuck above 90%. But ATA did also find that annualized turnover at smaller truckload fleets slipped 1% to 78% and turnover in the LTL truckload sector also declined 1%, landing at 10%...

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