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Old 03.09.2009
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Screwdriver No 2009 Freight Recovery

Analyst: No 2009 Freight Recovery
3/9/09
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Rail, truck, express traffic to decline through all of this year

A leading freight transportation analyst warned March 9 he is cutting his volume and earnings estimates under a “deep recession, no recovery” U.S. forecast for all of 2009.
Edward Wolfe of Wolfe Research said he also expects no more than a mild bounce in 2010. However, he sees indications that freight declines may be easing in several sectors.
The closely watched analyst told investors he does not look for final consumer demand to give any lift to freight activity for all of this year, and looks for average rail, trucking and express volumes to fall by 13 percent, 12 percent and 7 percent, respectively.
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Old 03.09.2009
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