losses to Sandy will be
recovered easily: FTR
Nov 1, 2012 10:24 AM
According to FTR Associates senior consultant Noël Perry, his initial estimated loss of $140 million per day the trucking industry will suffer from downtime associated with Super Storm Sandy will ultimately be recouped because of associated resupply and rebuilding truck freight demands.
Perry’s per-day estimate of loss revenue is based on 20% of the industry not moving freight because of the storm and its aftermath.
“While some fleets will surely lose revenue during the initial phases of the latest disaster, storms like Sandy create new demand later,” said Perry. “Retail outlets need immediate resupply that only trucking’s time-sensitive character can accommodate; plus, storm damage needs to be fixed. That creates longer-term additional freight tonnage. While the storm is devastating to many, the trucking industry will see mostly positive effects.”
FTR Associates, based in Nashville IN, has been providing transportation forecasting for more than 20 years. The company’s US Freight Model collects and analyzes all data likely to impact freight movement and is based on specific characteristics for more than 200 commodity groups. Forecast reports cover trucking and rail transportation and include demand analysis for commercial vehicle as well as railcar. Specially designed reports are offered for both industries to cover specific needs.
For more information, visit www.ftrassociates.com or call Helen Lile at 888-988-1699 ext 45.
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