Freight Growth Rates
William B. Cassidy | Jul 9, 2010 8:55PM GMT
The Journal of Commerce Online - News Story
As inventory restocking wanes, shipping will slow, Ratajczak says
The freight surge of 2010 is nearing its end, an economic forecaster says.
"These growth rates you've seen in the last four months are probably the largest you're going to see in the next couple of years," says Donald Ratajczak, an economic consultant and regents professor emeritus at Georgia State University.
Strong freight volumes that lifted trucking sales in recent months are likely to decline in the third quarter, as shippers complete inventory restocking, Ratajczak told trucking executives at the recent SMC3 summer conference.
The massive restocking that began in the first quarter continued in the second quarter, but it is waning and will continue to do so in the coming months, he said.
"The growth rates aren't going to persist, they can't persist," if consumer spending remains flat as warehouses and stores are filled.
William B. Cassidy | Jul 9, 2010 8:55PM GMT
The Journal of Commerce Online - News Story
As inventory restocking wanes, shipping will slow, Ratajczak says
The freight surge of 2010 is nearing its end, an economic forecaster says.
"These growth rates you've seen in the last four months are probably the largest you're going to see in the next couple of years," says Donald Ratajczak, an economic consultant and regents professor emeritus at Georgia State University.
Strong freight volumes that lifted trucking sales in recent months are likely to decline in the third quarter, as shippers complete inventory restocking, Ratajczak told trucking executives at the recent SMC3 summer conference.
The massive restocking that began in the first quarter continued in the second quarter, but it is waning and will continue to do so in the coming months, he said.
"The growth rates aren't going to persist, they can't persist," if consumer spending remains flat as warehouses and stores are filled.