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Schneider forecasts volatile 2009

Published Friday, May 01, 2009

Trucking bankruptcies will increase in the first and second quarters, diesel prices will continue to fall, carriers will feel the pinch of the credit crunch and lack of cash and will remain under pressure to keep rates low, and new truck orders will decline to 2001 levels, according to Schneider National's 2008-2009 State of the Industry Review. The report says that despite a drop in volume across all of Schneider's industry verticals, capacity is reducing slower than demand, leaving an excess of capacity in the market. “Some carriers are betting on an economic rebound in 2009 and want ...

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