Tag: trucking: Page 76

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Economic news not all bad
Following are items that came our way in the last several days. Hey, it’s not all gloom and doom. Of the four, two anticipate positive change in trucking:   The current glut of trucking capacity won’t last too long, says Chief Economist Bob Costello of the American Trucking Associations. He notes that thousands of fleets […]
March 9, 2009
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Bright spots few and far between
There’s plenty of bad news from the economy-watchers at the Institute of Supply Management. As the headline for the February roundup of manufacturing stats says: “New Orders, Production, Employment and Inventories Contracting.”   No surprise there. So for what it’s worth, here are a few shiny needles among the haystack:   Factory output is […]
March 5, 2009
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When boxcars come to stay
Railroads were advertising a lot during last year’s period of rising fuel prices, touting their good cost-per-mile for moving a ton of commodities. Lest you think the super-heavy-duty engines are stealing your livelihood, consider this anecdotal evidence from the Wall Street Journal: Boxcars used to be a “fleeting sight” in the town of New Castle, […]
February 24, 2009
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Some stimulus trickle-down for trucking
The $787 billion economic stimulus doesn’t offer much for leased operators other than hopes of better roads and, with federal aid to banks, easier credit. Some tax provisions, though, can benefit carriers, including small owner-operator independents, and to a lesser extent leased operators with an extension of capital expenditures deduction. The American Trucking Associations reports […]
February 18, 2009
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Chapter 11 for Sirius XM?
The graph of Sirius XM Radio stock looks like a runaway truck descending a mean mountain pass. News reports today speculate the escape ramp might take the form of Chapter 11 bankruptcy filing.   CNN.Money.com reported that shares plunged again Wednesday, to 6 cents, following reports late Tuesday that the company might try bankruptcy […]
February 11, 2009
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Offering more than the other guy
Overdrive’s 2007 Trucker of the Year, two-truck fleet owner Henry Albert, knows that other independents, as well as bigger fleets, can do what he does. And in the current environment, ranking behind the competition isn’t a good idea.   “The amount of freight available is falling away at the same rate as trucking companies,” said […]
February 6, 2009
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Clogged warehouses a bad sign for freight
Friday’s bad report on the fourth quarter’s Gross Domestic Product bodes ill for those who want to make a living moving freight in the coming months.   The economy contracted 3.8 percent in the final three months of 2008, according to the Commerce Department. But strip out production that merely inflated inventories, and the economy […]
January 30, 2009
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When oil abounds, prices fall
Plug the low price of diesel and gasoline into the supply-and-demand formula, and it tells you supplies are plentiful. True enough, and they’re getting more plentiful by the day. U.S. commercial crude oil inventories jumped 6.2 million barrels from the previous week, almost twice what was expected, according to Wednesday’s report from the U.S. Energy […]
January 29, 2009
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