Profit growth at US hauliers outpaces economy
A steady stream of figures being reported by American trucking firms suggest the sector is slowly improving.
This in turn is lifting hopes that the country's squeezed economy might soon follow suit.
Swift Transport and Werner Enterprise reports profit rises of 6.9 and six per cent respectively – but both businesses said the improved results were more due to tight constraints on capacity, rather than an appreciable growth in traffic.
Two other major players, J B Hunt and Hub Group, have also seen benefits from the continued growth of the intermodal, road/rail sector, helped by the greater cost-effectiveness of rail for moving goods over long distances as fuel prices reach new peaks.
"Looking forward, it appears the US inland transport sector is conservatively positioned, with generally a good grip on capacity and not too inclined to invest too heavily in gaining market share", wrote Thomas Cullen of Transportintelligence.com.
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