Logistics Business Intelligence
By David Hannon -- Purchasing, 4/10/2008
42%Shippers expecting more LTL capacity in 2008
Source: Bear Stearns
WHAT IT MEANS: While that's down from the same poll a year ago, it does indicate the shippers feel the LTL trucking market is a long way from tightening up again. Sixty-two percent reported LTL overcapacity in the fourth quarter of 2007.
62 MPHMaximum speed on trucks in Con-way fleet
Source: Con-way
WHAT IT MEANS: Con-way turned back the speed governors on its fleet from 65 MPH to 62 in an effort to reduce its diesel fuel consumption by 3.2 million gallons.
$3.97Diesel fuel price on March 17
Source: Energy Information Administration
WHAT IT MEANS: Higher fuel surcharges for shippers and higher costs for the already struggling trucking carrier base. Buyers should keep in close contact with their smaller carriers about how they're managing their fuel costs today.
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