OPINION * Canada - Changing trade patterns point to long-term challenge for trucking
Canada -Truck News, by Lou Smyrlis -15 Mar 2007: -- Costs for Canada’s largest carriers are continuing to rise faster than revenues and that should be cause for concern on two fronts... First, obviously, because cost containment is proving particularly difficult and will remain so because fuel prices remain volatile, equipment costs are on the rise due to the new emission standards for heavy duty truck engines and labor costs are expected to retain their upward momentum... A major concern for the long term has to be the change in trade patterns we’ve experienced since 2002... But this performance was almost completely offset by the slowdown in trade with our major trade partner and the engine of growth for many fleets over the past decade: the US... While serving the US market will obviously continue to be key to carrier revenues – it would be foolish to ignore our largest trade partner and the world’s largest economy – it may also be wise to start re-investing in the infrastructure necessary to serve our national economy. In fact domestic – and actually intra-provincial – traffic has been the fastest growing traffic the last few years...
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