Economic & Motor Carrier Economic & Motor Carrier Industry Update Industry Update March 3, 2009 March 3, 2009 Bob Costello Bob Costello Chief Economist & Vice President Chief Economist & Vice President American Trucking Associations American Trucking Associations
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Bill was also on the Board of Directors for the St.Vincent DePaul Foodbank in Roseville California helping with the fund raising and meals to the poor program. While based in Northern California he was successful in fund raising programs for the Crusade of Mercy and helped Father Dan Madigan at the Sacramento Food Bank also. For 2008, Bill is a member of the Board for WORKTEC on also an Advisory Board Member for Boys and Girls Club for Metro Atlanta-Clayton County Chapter. See www.worktec.biz or www.bgcma.org . Bill is also on the Board of Directors for the Southeastern Warehouse Association & represents Georgia for 2010-2012.
Regards,
Bill Stankiewicz Vice President and General Manager Shippers Warehouse Email: [email protected] www.shipperswarehousega.com http://www.linkedin.com/in/billstankiewicz2006 http://twitter.com/BillStankiewicz http://www.topexecutivesnet.com/index.aspx
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Transcript
Economic & Motor Carrier Economic & Motor Carrier Industry UpdateIndustry Update
Sources: IHS Global Insight, Department of Commerce, and ATA
466,000 in January 2009
Sources: Federal Reserve and ATA
10.0
11.0
12.0
13.0
14.0
15.0
1980 1983 1986 1989 1992 1995 1998 2001 2004 2007
Household Debt Service Ratio Household Debt Service Ratio Percentage of Disposable Personal Income
-7
-5
-3
-1
1
3
5
7
2001 2003 2005 2007 2009 2011
Durable Goods Nondurable Goods
(Percent change, chained 2000 dollars)
Consumer Spending on Durables Is Hit Hard in This RecessionConsumer Spending on Durables Is Hit Hard in This Recession
Sources: IHS Global Insight and ATA
Fact: Households have lost $8 trillion of their net worth since the summer of 2007, which is enough to reduce consumer spending by $400 billion, or 4%.
Industrial OutlookIndustrial Outlook
-10
-8
-6
-4
-2
0
2
4
6
2001 2003 2005 2007 2009 2011
(Includes Manufacturing, Mining, and Utilities; Percent Change)
Industrial ProductionIndustrial Production
Sources: IHS Global Insight and ATA
Sources: Federal Reserve Board and ATA
90.0
95.0
100.0
105.0
110.0
115.0
1998 2000 2002 2004 2006 2008
U.S. Manufacturing ProductionU.S. Manufacturing Production
Through January 2009; 2000 = 100
6.8% drop peak-to-trough
Already a 13.0% drop peak-to-trough with more to come
10
12
14
16
18
2001 2003 2005 2007 2009 2011
(Millions of Units)
Light Vehicle SalesLight Vehicle Sales
Sources: IHS Global Insight and ATA
Sources: Department of Commerce and ATA
1.2
1.3
1.4
1.5
1.6
1992 1994 1996 1998 2000 2002 2004 2006 2008
Total Business InventoriesTotal Business Inventories--toto--Sales RatioSales Ratio
(Includes retail, wholesale, and manufacturing; Through December 2008)
Inventories are bloated
U.S. Trucking IndustryU.S. Trucking Industry
Source: ATA
ATA’s ForATA’s For--Hire Truck Tonnage Hire Truck Tonnage Index Index
Seasonally Adjusted; 2000 = 100
Through January 2009
9.3% drop peak-to-trough
Already a 13.4% drop peak-to-trough with more to come