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Aug 26, 2009

TRUCKING INDUSTRY * USA - Boost in Truck Prices Will Not Change Purchasing Plans

Arlington,VA,USA -Transport Topics, by Jonathan S. Reiskin -25 Aug 2009: -- Truckload fleet executives said not even the certainty of truck prices rising up to 10% next year will cause them to alter their current purchasing plans... Daimler Trucks and Navistar Inc. recently joined Volvo Group in specifying price increases for 2010 diesel engines with new federally mandated pollution controls. Price increases range from $8,000 to $9,600 per new tractor, with Paccar Inc. still to be heard from, but low freight volumes are dominating carrier planning... The recession, the poor freight environment accompanying it and the deterioration in credit and lending apparently have eliminated a once-anticipated 2009-10 pre-buy, though... Robert Ragan, chief financial officer of Tulsa, Okla., flatbed carrier Melton Truck Lines., who also is chairman of the National Accounting & Finance Council of American Trucking Associations, said tractor purchases were rarely discussed by trucking CFOs at NAFC’s June meeting in Nevada... (Photo from workingshowtrucksusa)


* Truck Tonnage Decline Slows in July

Washington,DC,USA -Transport Topics -26 Aug 2009: -- U.S. truck tonnage fell 10.4% in July from the same month last year, the best year-to-year showing since February, American Trucking Associations said Wednesday... ATA’s seasonally adjusted for-hire truck tonnage index improved 2.1% in July from June, while June’s 13.6% year-over-year drop had been the largest year-over-year decrease of the current cycle... Tonnage will continue to be choppy in the months ahead, but that is not necessarily a bad thing, said ATA Chief Economist Bob Costello...

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