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Trucking News

Fleets talk to Wall Street

Published Wednesday, May 09, 2007

NEW YORK. By all measures, the first quarter was not a very good one for trucking, but early signs indicate freight volumes may already be rebounding, according to presentations by leading fleet executives, equipment suppliers and industry analysts at the Bear Stearns annual Global Transportation Conference. Weak freight tonnage in the first quarter of the year brought a 6% drop in equipment utilization for truckload carriers and rate pressure for both LTL and TL segments, according to Edward Wolfe, Bear Stearns’ airfreight and surface transportation analyst. Despite a tougher freight climate, “there is no evidence of smaller fleets ...

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