Commentary on Transportation and The Economy

I think the recovery is taking root. No economy is perfect even in the greatest of boom times BUT steady signs of improvement are showing. As far as how this improvement is affecting truckers and carhaulers, the simple fact is goods have be shipped. Even after considerable damage was done to the economy in 2008 and 2009, life has gone on and food and services have to be delivered.

This alone is a stepping stone to a greater recovery.While there are challenges like high fuel costs, regulation fears , and driver shortages, they are surmountable challenges.The part of the economy that has survived the recession is growing again.

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• Fed ponders next steps for economic recovery (capitolhillblue.com)

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Transportation and the economy improving?

Positive Outlook for Trucking Industry Tempered by Rising Operating Expenses, Says GE Capital Survey

IRVING, Texas--(BUSINESS WIRE)--Nearly three-quarters (71%) of trucking company executives surveyed by GE Capital, Transportation Finance expect business conditions to improve in 2011 but they are concerned about the impact of external and internal factors on their profit margins. The rising price of diesel, a nationwide shortage of drivers and the twin costs of complying with government regulations and maintaining their own aging fleets are all significant concerns.

For the original article click HERE

Related articles

• Trucking industry expects to grow (kansas.com)

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It was bound to happen

I have seen this coming down the pike for about a year now. Regulation after regulation is taking its toll on American Trucking companies including the Autohaulers. Simply put the economy will grind to a halt if regulation sends the costs of transporting goods skyrocketing.

In an industry like Automobiles the need to keep prices as a low as possible is paramount to success.

From KBND.com
Thursday, April 21st 2011 09:53am Image via Wikipedia

This week Oregon Congressman Greg Walden is hearing some tough stories from truckers in Oregon. On a trip through his District, Walden spoke with the owner of a trucking company in southern Oregon who is forced to close because of the cost of fuel and mounting state and federal regulations. "Its was pretty depressing meeting if you want to know the truth in terms of federal regulations and the price of fuel are doing as we try to get this economy going again." Original Article

Senator Sends Letter Opposing Mexican Truck EOBR Program | Transport Topics Online | Trucking, Freight Transportation and Logistics News

From Transport Topics
3/23/2011

Sen. Mark Pryor (D-Ark.) sent a letter to Transportation Secretary Ray LaHood outlining his opposition to the U.S. proposal to buy electronic onboard recorders for Mexican trucks that will travel within the United States.

“I do not believe this concept is fair for U.S. carriers who are not eligible for such payments,” Pryor wrote in a letter dated Thursday.

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A Department of Transportation official said earlier this month that DOT will pay for EOBRs for Mexican trucks entering the United States under an agreement with Mexico. The program is meant to ensure drivers’ compliance with hours-of-service regulations while in the U.S.




To read the full article click HERE

Jobless claims falling...

Image via Wikipedia

From Transport Topics
4/7/2011

Initial jobless claims fell by 10,000 last week, the Labor Department reported Thursday.

New claims fell to 382,000 for the week ended Saturday, below economists’ forecasts of a drop to 385,000 from the originally reported 388,000 in the prior week, Bloomberg reported.

It was the lowest level since Feb. 26.

To read the full article click HERE

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