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Raw materials going up

Published Sunday, May 01, 2005

Global economists worry about the theft last year of almost half of Beijing's 600,000 manhole covers. So should North American truck carriers. Thieves sold the 65-lb. covers to scrap dealers to feed the country's almost insatiable appetite for raw materials as its economy expanded 9.7% last year. This desperate action was an indicator of a permanent change in the world's economy that is affecting everyone especially trucking firms. “We're seeing an increase in 15 to 20% for trailers, 2 to 3 % in tractors and tire makers tell us that the rising cost of raw materials is adding ...

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