Trucking will recover short-term losses to Sandy

Nov. 1, 2012
FTR Associates' Noël Perry says his initial estimated loss of $140 million per day the trucking industry will suffer from downtime associated with Super Storm Sandy will be recouped because of associated resupply and rebuilding truck freight demands.

According to FTR Associates senior consultant Noël Perry, his initial estimated loss of $140 million per day the trucking industry will suffer from downtime associated with Super Storm Sandy will ultimately be recouped because of associated resupply and rebuilding truck freight demands.

Perry’s per-day estimate of loss revenue is based on 20% of the industry not moving freight because of the storm and its aftermath.

“While some fleets will surely lose revenue during the initial phases of the latest disaster, storms like Sandy create new demand later,” said Perry. “Retail outlets need immediate resupply that only trucking’s time-sensitive character can accommodate; plus, storm damage needs to be fixed. That creates longer-term additional freight tonnage. While the storm is devastating to many, the trucking industry will see mostly positive effects.”

FTR Associates, based in Nashville IN, has been providing transportation forecasting for more than 20 years. The company’s US Freight Model collects and analyzes all data likely to impact freight movement and is based on specific characteristics for more than 200 commodity groups. Forecast reports cover trucking and rail transportation and include demand analysis for commercial vehicle as well as railcar. Specially designed reports are offered for both industries to cover specific needs.

For more information, visit www.ftrassociates.com or call Helen Lile at 888-988-1699 ext 45.

Sponsored Recommendations

Reducing CSA Violations & Increasing Safety With Advanced Trailer Telematics

Keep the roads safer with advanced trailer telematics. In this whitepaper, see how you can gain insights that lead to increased safety and reduced roadside incidents—keeping drivers...

80% Fewer Towable Accidents - 10 Key Strategies

After installing grille guards on all of their Class 8 trucks, a major Midwest fleet reported they had reduced their number of towable accidents by 80% post installation – including...

Proactive Fleet Safety: A Guide to Improved Efficiency and Profitability

Each year, carriers lose around 32.6 billion vehicle hours as a result of weather-related congestion. Discover how to shift from reactive to proactive, improve efficiency, and...

Tackling the Tech Shortage: Lessons in Recruiting Talent and Reducing Turnover

Discover innovative strategies for recruiting and retaining tech talent in the trucking industry at our April 16th webinar, where experts will share insights on competitive pay...

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!