TRANSPORT STATISTICS * NAFTA - Trade Fell 12 Months Running
Completed cycle, month to month improvements signal coming turnaround
* USA - Landstar Says Truckload Growing in 4Q. Load count is up in early fourth quarter, carrier revises forecast
Jacksonville,FL,USA -The Journal of Commerce Online, by William B. Cassidy -Nov 30, 2009: -- Freight volume is increasing faster than anticipated at truckload giant Landstar System, which told analysts today it expects positive year-over-year load count growth in the fourth quarter... In a mid-quarter conference call with analysts, Landstar executives said load count growth was turned positive in November, after a 2 percent decline in October. They now expect a "slightly positive" load count for the quarter, compared with a 15 percent decline in shipments through the first three quarters... That reflects not only a real increase in shipments, particularly in automotive, government-related and substitute line-haul freight, but easier year-over-year comparisons with the worst quarter of 2008... In a note to investors, trucking analyst Ed Wolfe of Wolfe Research said he is projecting 1.3 percent total load growth at Landstar for the fourth quarter, compared with an earlier call for a 3.2 percent decline...Labels: transport statistics
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