Is the freight really slow

Discussion in 'Experienced Truckers' Advice' started by str8arrow, Feb 29, 2008.

  1. milestogo

    milestogo Light Load Member

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    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 ?
     
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  3. milestogo

    milestogo Light Load Member

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    The minute I re do and re-post, my earlier message shows up ??

    scrathin my 'u no whats' on that
     
  4. AspiringTrucker

    AspiringTrucker Light Load Member

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    Well it was a good post. Thanks for your insight.
     
  5. Brickman

    Brickman Trucker Forum STAFF Staff Member

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    One of the companies you mentioned must be in the word filter because folks try to spam them. Dunno. (edit, apparently so because my quoting you put my post into moderation approval)




    Back to the original question I know Landstar flat bed division is doing OK right now. Dunno about the rest of them.
     
  6. milestogo

    milestogo Light Load Member

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    Brickman, " Back to the original question I know Landstar flat bed division is doing OK right now. Dunno about the rest of them".


    I think Landstar has a great business model. I've spoken to a few o/o's signed on with them. One of the more memorable drivers was in Expedited, small van division.

    In my earlier post, I was in error citing Wednesday for all reporting. Should have said Friday. From the looks of things, it appears any and all bad news to come in the overall trucking sector was baked in. Lots of misses and some rather huge. I couldn't detect a lot of optimism going forward. Covenant and Celadon in OTR, Old Dominion-LTL, and Yellow Roadway-hybrid LTL/OTR?, all butt ugly performance, but not punished.
    Interesting, if nothing else. ABFS and HUBG looked purty good...


    Thanks for the info on the filtering for mod approval, couldn't understand wtf was hapnin..
     
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