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State of the Trucking Industry Today

08/28/09

Permalink 12:18:32 pm, Categories: economy , Tags: state of economy

Those of us in the Trucking Industry have had an especially tough couple of years. Between the extreme fuel prices, immediately followed by the recession, I'm not sure that there’s an industry that has felt more of an effect than ours. "If it moves, it moves by truck" has an unfortunate side effect - when things aren’t moving, the trucks sit idle.

The attitude we read from the industry until very recently was not optimistic. TruckMaster lost some valued clients to the crisis, a few of which had been with us for many years. When discussing our software products with new potential clients, more often than not we’d be told that they needed and wanted our trucking software solution as it would increase their productivity drastically, but the very future of their businesses were in doubt. "Call us in 6 months, if we're still around, we will purchase your trucking software".

It seems to me that it's turning around now. We're starting to hear the optimism again. The constant rumble of bad economic news has slowed. The freight is starting to flow, the trucks are starting to move again. There's a sense felt by most that I talk to that better times are immediately ahead.

I’m not trying to imply that the crisis is over, we've got a ways to go, but my feeling is that we're on the downhill side.

My question for you is, do you see things getting better? Has your trucking business been improving over the last few weeks? Have you felt more optimism from those that you do business with?

Greg Dodson
President
TruckMaster Logistics Systems, Inc.
TruckMaster Your Trucking Company

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All trucking industry topics are subject to coverage in our trucking industry blog, but since our specialty is technology, that's what we'll focus on.

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