We are now at a critical point for the industry in terms of fuel prices. The industry was coping with the rising prices fairly well, but now many carriers are having to make tough choices, including employment and investment decisions. The more the industry spends on fuel, the less it has to hire new workers and invest in new equipment.
More Quotes from Bob Costello:
Everyone's competing for these drivers, and these drivers are jumping from company to company. In the third quarter of 2005, large truckload carrier driver turnover was at a 135 percent annualized rate.Bob Costello
Carriers have a little more market power than they've had in quite some time. And they can call the shots, especially at this time of year.
Bob Costello
We continue to believe that motor carriers should expect modest growth in volumes going forward and that the latest decrease should not alarm the industry.
Bob Costello
You can't expect any industry to increase every single month. When you get a string of five straight monthly increases, at some point we are going to see a decrease coming up.
Bob Costello
The America night. It was better because I was with my wife. How can you beat that ... Listening to my wife getting it done. That was it for me.
Bob Costello
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