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Overcapacity hurts trucking

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07.01.2009

rookietrucker rookietrucker is offline

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Overcapacity hurts trucking

Consultant: Overcapacity hurts trucking

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The declining overall economy and freight demand both are starting to find a bottom, but overcapacity remains a major concern, warned Eric Starks, president of FTR Associates. “Trucking has limited upside over the next four quarters,” Starks told attendees of the 2009 CCJ Symposium yesterday, June 30, in Birmingham, Ala.

Freight may be the backbone of the trucking industry, but with industrial production at its worst since the first quarter of 1975 and other significant continuing issues – including demand and overcapacity – trucking is experiencing its worst environment since the 1980s, Starks said. Many economic indicators – including the ISM Manufacturing Index, the Chicago Fed National Activity Index, employment figures, the Consumer Price Index, durable goods orders, retail sales, inventory levels and housing starts – reveal mixed signals and are near historic lows, but some of these indicate stability and the possibility of improvement in the next few business quarters, he said.

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