Trucking boom means jobs

Discussion in 'Economy' started by Truthmatters, May 22, 2012.

  1. Truthmatters
    Offline

    Truthmatters BANNED

    Joined:
    May 10, 2007
    Messages:
    80,182
    Thanks Received:
    2,223
    Trophy Points:
    0
    Ratings:
    +2,233
    Trucker Shares Seen Rallying in U.S. With Housing Rebound - Bloomberg


    Trucking companies may need to put more vehicles on the road to support a recovery in U.S. residential construction, which might send their shares higher.

    Housing starts rose 2.6 percent to a 717,000 annual rate in April, beating the 685,000 median estimate of 80 economists surveyed by Bloomberg News. Construction has improved 50 percent from a low of 478,000 reached in April 2009, during the 18-month recession that ended two months later, based on data from the Commerce Department.


    New home construction generally requires between five and eight truckloads of transport supplies such as lumber, roofing materials and interior furnishings, according to Todd Fowler, an analyst in Cleveland at KeyBanc Capital Markets Inc. Photographer: Ty Wright/Bloomberg
    .
    “All of the freight required to build a new home has a very positive impact on trucking activity,” said Todd Fowler, an analyst in Cleveland at KeyBanc Capital Markets Inc., the investment banking arm of KeyCorp. As a rule of thumb, each new residence requires between five and eight truckloads to transport supplies such as lumber, roofing materials and interior furnishings, he said.

    Purchases of new homes probably rose in April to a 337,000 pace, up 2.7 percent from the prior month, according to the median estimate in a Bloomberg News survey of 72 economists. Sales data is to be released by the Census Bureau tomorrow.
     
    Last edited: May 22, 2012
  2. Truthmatters
    Offline

    Truthmatters BANNED

    Joined:
    May 10, 2007
    Messages:
    80,182
    Thanks Received:
    2,223
    Trophy Points:
    0
    Ratings:
    +2,233
    the right is saying its all about the economy.

    Poor poor cons
     
  3. Warrior102
    Offline

    Warrior102 Gold Member

    Joined:
    May 22, 2011
    Messages:
    16,554
    Thanks Received:
    4,019
    Trophy Points:
    183
    Ratings:
    +4,029
    Why don't you stand in front of a truck on I-95 and show your support, asswipe.
     
    • Thank You! Thank You! x 1
  4. Truthmatters
    Offline

    Truthmatters BANNED

    Joined:
    May 10, 2007
    Messages:
    80,182
    Thanks Received:
    2,223
    Trophy Points:
    0
    Ratings:
    +2,233
    that wont make these facts go away.
     
  5. The Infidel
    Offline

    The Infidel EVIL CONSERVATIVE

    Joined:
    May 19, 2010
    Messages:
    17,252
    Thanks Received:
    3,170
    Trophy Points:
    48
    Location:
    AMERITOPIA
    Ratings:
    +3,173

    If these facts are so in dispute... why is Obama not running on his record of success.

    He should be leading in all the polls by now.

     
  6. Truthmatters
    Offline

    Truthmatters BANNED

    Joined:
    May 10, 2007
    Messages:
    80,182
    Thanks Received:
    2,223
    Trophy Points:
    0
    Ratings:
    +2,233
    the economy is gaining steam and it is a great thing for America
     
  7. Truthmatters
    Offline

    Truthmatters BANNED

    Joined:
    May 10, 2007
    Messages:
    80,182
    Thanks Received:
    2,223
    Trophy Points:
    0
    Ratings:
    +2,233
    chief economist for the American Trucking Associations in Arlington, Virginia is lying?
     
  8. Truthmatters
    Offline

    Truthmatters BANNED

    Joined:
    May 10, 2007
    Messages:
    80,182
    Thanks Received:
    2,223
    Trophy Points:
    0
    Ratings:
    +2,233
    The Bloomberg U.S. Truckload Trucking Index -- which includes Indianapolis, Indiana-based Celadon and Werner, based in Omaha, Nebraska -- has risen 8.4 percent this year, compared with a 3.2 percent increase for the Russell 2000 Index. For the past 12 months it underperformed the Russell.

    The recovery in trucking volumes since the recession ended hasn’t been led by housing, so “an incremental improvement in housing starts will be a net positive for our industry,” Derek Leathers, president of Werner, said in a phone interview. Activity will pick up because the company hauls freight for retailers that sell housing-related goods, he said.

    The trucking index’s rebound means “the bleeding has stopped,” according to Jim Stellakis, founder and director of research at New York-based research company Technical Alpha. If it begins trading higher than its peaks relative to the Russell 2000, which came in January 2012 and August 2011, it would indicate investors are becoming more optimistic about the industry, he said.


    http://www.bloomberg.com/news/2012-...ady-to-rally-in-u-s-with-housing-rebound.html
     
  9. The Infidel
    Offline

    The Infidel EVIL CONSERVATIVE

    Joined:
    May 19, 2010
    Messages:
    17,252
    Thanks Received:
    3,170
    Trophy Points:
    48
    Location:
    AMERITOPIA
    Ratings:
    +3,173

    If he is saying the economy is getting better....?


    Yes
     
  10. RetiredGySgt
    Online

    RetiredGySgt Platinum Member

    Joined:
    May 6, 2007
    Messages:
    39,589
    Thanks Received:
    5,907
    Trophy Points:
    1,140
    Location:
    North Carolina
    Ratings:
    +9,016
    Trucks run on diesel and gasoline ( ok some city trucks use other sources) Obama wants to cause fuel prices on fossil fuels to rise to European levels. You know 8 dollars a gallon?

    What do you think that would do to the economy, the recovery and your prices for food clothing and essentials?
     

Share This Page