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Dec 24, 2010

OPTIMISM * USA - Truck sales will “gradually” pick up in ’11, ’12 and ‘13

San Antonio,TX,USA -Fleet Owner, by Sean Kilcarr -Dec 15, 2010: -- Sales of new trucks should pick up nicely over the next three years, according to W. M. “Rusty” Rush, president & CEO of Rush Enterprises, which owns one of the largest chains of truck dealerships in the U.S... Yet he cautioned that while motor carriers continue to experience a healthy uptick in freight volumes and rates, it will be slow going for those two critical metrics over the next several years. That means truck sales will be good, but will not necessarily return to the heady peak last seen in 2006... RTC operates 59 dealerships in 14 states and employs between 800 and 900 technicians. Rush Enterprises overall survived the downturn and stayed profitable. It generated $1.2 billion in revenues last year and sold 9,490 commercial trucks, yet remained focused on its goal of growing to $5 billion in revenue with a 20% average return on equity...

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Mar 30, 2010

GOOD NEWS * USA - Delta truck business springs back to life

Breslau,Pierce County,NB,USA -The Record, by Rose Simone -March 26, 2010: ... Delta Truck Equipment, a specialized truck service business, has been resurrected under new ownership from the ashes of Delta Spring & Chassis, which closed its doors in February after the former owner, Edmonton-based Raydan Manufacturing Inc., placed Delta Spring and the Sturdy Truck Body business in Baden into receivership... Sturdy’s assets are still in the hands of the receiver, PriceWaterhouseCoopers Inc., but Delta has managed to find a new owner and recently reopened its doors after hiring back 16 of its 26 former staff members... Leon Lukasik, the new president of the business, which has been renamed Delta Truck Equipment, said that as soon as he heard Delta Spring had closed, he got together with financial backers and began negotiations to buy it... Lukasik said he looks forward to bringing his knowledge of hydraulics and truck mounted equipment into the business. “We will be expanding our reach into the marketplace,” he said... (Photo bt Mathew McCarthy: Members of the management team at Delta Truck Equipment (from left) Steve Johnson, service manager, Leon Lukasik, president, Ross Casemore, parts manager, and Al de Waal, general manager, stand in in one of the garage bays at the Breslau business)

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Mar 25, 2010

OPINION * Canada - Another positive indicator for the trucking industry.

Toronto,ONT,CAN -Truck News, by James Menzies -23 March 2010: -- Two weeks ago, I wrote of a number of the so-called 'green shoots' that are emerging, key indicators that the economy and the trucking industry specifically are on the mend... Here's another one to add to the mix: TransCore has drawn data from its Loadlink freight- and equipment-matching service to determine that conditions are indeed looking up for the Canadian trucking industry... The daily average of posted loads was up 56% year-over-year in February. Truck postings dropped 10% over the same time, suggesting excess capacity is being trimmed or carriers are securing contracts with shippers. Cross-border load postings increased 63% year-over-year and the Canadian findings reflect similar positive trends TransCore has calculated south of the border. Slowly but surely, it appears the industry is on the road to recovery... (Photo from acdisplays.com: Transcore Rhode Island Toll Booth, Transportation)

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Oct 10, 2009

OPTIMISM * USA - FedEx Economist Predicts Strong Recovery

Consumer angst could slow or even stop return to growth, Morgan Stanley warns

New York,NY,USA -The Journal of Commerce, by William B. Cassidy -Oct 9, 2009: -- The recovery may be sharper and quicker than expected, but FedEx’s chief economist believes consumer wariness could blunt it within a few quarters... Gene Huang believes the economy is “firmly recovering,” and that real GDP will grow 3 percent in 2010, Morgan Stanley analyst William Greene said today in a note to investors. The consensus for U.S. GDP growth next year — 2.4 percent — could prove “far too conservative,” Huang told Morgan Stanley analysts... The average GDP growth rate in the year following the 10 recessions since World War II was 5.4 percent, Huang told Morgan Stanley. Industrial production has historically jumped by 10 percent or more in the year after a recession...

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posted by Unknown @ 4:22 AM  0 comments

Feb 18, 2009

OPTIMISM * Canada - Economic winds to blow west? Execs think so

Next Stop Recovery? Westerners say they'll be ready when freight economy bounces back

Fort McMurray,ALB,Canada -Today's Trucking -16 Feb 2009: -- While many transportation leaders are less than enthusiastic about the current economic climate, westerners, being westerns, are already eying the future and are planning how to hit the ground running when things do turnaround. But is its infrastructure ready for it?... The ability to respond to economic stimulus will largely rely on the quality of the infrastructure system enhancements being put in place. Just ask anyone using the roads in Fort McMurray, Alta., what can happen if infrastructure lags behind economic growth... At a recent conference hosted by Westac, there was general agreement that when the economy does rebound, it will likely be different growth than in the past; but a turnaround nonetheless... So, back to the question: Does Canada's transportation system -- and the West's particularly -- have any game? Even though there's still work to be done, there seems to be a "bring it on" sense of optimism around all modes of transportation...

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