Analysts: Trucking rates will stay low in 2008

More reports emerge telling buyers now is the time to negotiate

By Dave Hannon -- Purchasing, 1/11/2008 12:44:00 PM

Goldman Sachs analyst Chris Hussey said not only will trucking rates remain low for all of 2008, but possibly into a good part of 2009, as trucking demand looks to remain low for the extended term.
High fuel prices and overcapacity remain big problems for trucking, Hussey said, adding that he thinks the U.S. economy is headed for a mild recession this year and that trucking freight volumes tend to stabilize during a recession.

Also, in a recent trucking industry report, Bear Stearns analysts said “Almost all of our contacts are seeing lower LTL pricing as a result of the difficult environment, and two of the carriers we spoke with are even seeing an increase in price competition in recent months.”

WHAT DO YOU THINK? Are trucking rates coming down? Are you renegotiating LTL or TL contracts? Share your thoughts by using the TALKBACK tool on this page.

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why blame the scred up process on the trucking industry all drivers should stop in there tracks,and we would see who runs this country,the people who are running for president have not said one word about the trucking industry.they have all they money they need to spend and we are srtiveing to get freight to move at a decent price..scred up country
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why blame the scred up process on the trucking industry
all drivers should stop in there tracks,and we would see who runs this country,the people who are running for president have not said one word about the trucking industry.they have all they money they need to spend and we are srtiveing to get freight to move at a decent price..scred up country

Jerry D - 1/24/2008 8:23:00 AM EST

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