What r the major companies saying about this ? Last week several public trucking companies filed their 1st quarter reports. I took a brief look at 4 of them and they collectively offer what i believe is a good proxy for the condition of the trucking industry. They are representative of truckload, ltl, intermodal, warehousing, logistics, and non-asset based companies.
Matters of fuel pricing, inefficient use of fuel, slowing economy, excess capacity, bad weather, pricing pressure were commonly referenced. A few announced a considerable fleet reduction in truckload division, with one announcing expansion of their intermodal division. It did seem as though intermodal was the bright spot.
It wasn't long ago that renowned oilman, T. Boone Pickens forecast $100/bbl oil, and not long ago was predicting it to quickly reach $120/bbl. Does it therefore stand to reason that efficiencies offered by Intermodal will fuel even more growth in that division ?
On Wednesday the 23rd, the vast remainder of publicly traded trucking companies will be reporting. Presumably, we'll hear more of the same. Three of the 4 reporting last week did not meet their earnings expectations, and the 1 that did lowered their expectations for the near term.
I hope this passes muster with the moderator. An earlier post that named the companies was not allowed ?
Is the freight really slow
Discussion in 'Experienced Truckers' Advice' started by str8arrow, Feb 29, 2008.
Page 5 of 5
Page 5 of 5