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Financial institutions are being hurt by depressed market conditions in trucking, and that's going to make it harder for potential buyers to borrow money in the coming months
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The U.S. trucking industry faces a bright future as it enters the 21st century, according to the Fifth annual U.S. Freight Transportation Forecast produced for the American Trucking Associations
Read More →As third-quarter financial reports continue to be released, it is evident that high fuel prices have affected both trucking companies and the manufacturers that supply them
Read More →Trucking companies are experiencing significant increases in bodily injury and property damage liability rates, according to the National Accounting and Finance Council of the American Trucking Associations
Read More →Despite high fuel prices, retail prices and shipping fees paid by consumers are likely to remain pretty consistent this holiday season, largely because of the intense competition between Internet and traditional retailers. That's the prediction of a
Read More →The demand for new trucks and buses will continue to ease through this year and next, then start a steady pace of expansion in 2002, predicts Economic Planning Associates
Read More →Several major carriers have issued third quarter profit warnings, giving notice before their summer quarter financial statements are released that earnings per share are below security analysts' expectations
Read More →A harsh winter and fuel-availability problems would spell shortages for the trucking industry, and the government's release of oil from the nation's strategic reserves likely won't help: Oil-capacity utilization is nearing the maximum, meaning there will be problems getting the fuel to the end user. That was among predictions from Martin Labbe of Martin Labbe Associates, a transportation information consulting firm
Read More →The last eight years have been "the Bull Run of Trucking," according to Volvo Trucks North America's president and CEO Marc Gustafson. But now, business has become a struggle, due in large part to increased operating expenses. For those involved in truck sales and leasing, the key challenges are shrinking demand for new trucks, excess new truck inventory, a flood of used trucks and falling used truck prices
Read More →Along with the glut of used trucks, the heavy truck industry has an excess of more than 50,000 new Class 8s, double the annual average excess of about 25,000. However, as factories reduce their build rates and increase their shutdown times, that excess is decreasing
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