Worst could be over for truckers, but good times are well down the road - Truckers' Trucking Forum

rookietrucker · **^ Top** #1 09.14.2009

Biz Buzz: Worst could be over for truckers, but good times are well down the road

Quote:

FTR Associates says that there are still many trucks in service, and new truck purchases are an “over-buy” for the amount of freight that’s available during the economic downturn.

The good news for truckers is that the bad news isn’t as bad as it has been. The question for industry watchers is when business will actually start to pick up again — and how quickly.

“The freight story right now is very simple: the shrinkage has stopped, and that’s a very good thing, particularly for the truckers,” Noel Perry, senior consultant and managing director of FTR Consulting Group, said in recent conference call. “Now that we have stable freight levels, people can begin re-optimizing their networks to get productivity up.”

That’s the good news in the short term, Perry said, then noted that freight won’t improve until the economy is growing at pace of more than 3 percent — which isn’t expected until next year.

“Those of us in the freight industry will at least get stability, but we won’t get growth for at least six months,” he said. “That’s the price that we have to pay for this particularly bad downturn. The downside is more of the same.”

In fact, trucking likely will have to wait until “well into 2011” for significant improvement in freight and pricing.

more here>> Worst could be over for truckers, but good times are well down the road

old-six-pack · **^ Top** #2 09.14.2009

you want to know what it is like for a truckernow?? you have to ask a trucker!!!!!!!

FriedTater · **^ Top** #3 09.14.2009

A Special THANK YOU! for the "AMERICANS" that supported this Country by not voting for that Socialist Joker.

tiresONtar · **^ Top** #4 09.19.2009

Anything has to be better than what it's been. Don't know about anybody else but my coffee cup is half full...

danc694u · **^ Top** #5 09.19.2009

Quote:

Originally Posted by tiresONtar

Anything has to be better than what it's been. Don't know about anybody else but my coffee cup is half full...

Anything ???? Try this on for size....

Our core customer is now being hit to Unionize. It cost us 2 weeks work at one plant, and has set in motion the complete shutdown for other plants.

The local plant (where I live) may be affected this next week. Not sure yet, but it's going to suck either way.

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