Start Date:10/3/2019
Start Time:1:00 PM CDT / 2Pm et
Duration:60 minutes
Abstract:
US truck shippers are enjoying the feast stage of a feast-and-famine cycle, as last year’s tightest trucking market on record gives way to an all-time capacity glut this year. As the fall shipping season approaches, spot dry van truckload rates are down by double-digit percentages from this time last year, and contract rates are nearly flat year over year. Where rates are rising — in the less-than-truckload market, for example — they’re climbing much more slowly than last year. Shippers say LTL carriers that initially seek high single-digit percentage rate hikes in annual contracts often settle for much lower increases. There’s debate over how long this shipper’s market will last, however, with some optimistic trucking executives expecting a rebound in the second half of 2019. Others don’t expect much change until 2020. This webcast will discuss what trucking shippers, motor carriers, and others can expect in the truckload, LTL, and other sectors as 2019 enters the home stretch. Along the way, it will address the following questions:
• With debate raging about whether the US economy faces a recession, what should be trucking interests expect in terms of industrial, consumer, and freight demand?
• How deeply and how long will shippers and other trucking stakeholders feel the impact of the US-China trade war?
• Will reliable low-sulfur blends be available quickly, or will carriers have to count on more-expensive marine gas-oil to get them through the first few months of 2020?
• What is the current state and outlook for inventory levels in the US?
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Speakers
William Cassidy Senior Editor, Trucking and Domestic Transportation JOC, Maritime & Trade, IHS Markit Bill Cassidy is senior editor of trucking for the JOC within Maritime & Trade, IHS Markit. He joined the publication in 2009, after 13 years at Traffic World magazine where he served as executive editor, managing editor, and associate editor. Based in Washington, DC, Cassidy has been reporting on trucking since 1984, when he joined Fleet Owner magazine in New York. He also has covered logistics management and supply chain technology, the rail and maritime industries, Congress, and federal agencies. Cassidy speaks regularly to industry groups, is a regular participant on Sirius XM Radio's Road Dog Trucking program and chairs the programming committee for the annual JOC Inland Distribution Conference.
Lee Klaskow Senior Freight Transportation and Logistics Analyst, Bloomberg Intelligence
Lee A. Klaskow is a senior analyst for Bloomberg Intelligence, a new dynamic platform for in-depth analysis, ideas, and data sets on industries and companies, as well as credit, government, ESG, and litigation factors that impact decision-making available on the Bloomberg Professional services at BI . He specializes in freight transportation and logistics, including global marine shipping, air freight and logistics sectors as well as the North American trucking and railroad industries.
Prior to joining Bloomberg, Klaskow was a senior analyst at Longbow Research and Prudential Equity Group, where he covered freight transportation and logistics companies. He has also worked at Prudential Equity Group as an industrial associate prior to being promoted to senior analyst. Klaskow helped originate and execute global equity transactions for both ABN Amro Rothschild and J.P. Morgan. Klaskow began his career at McCarthy, Crisanti & Maffei analyzing and reporting on the primary equity markets.
Klaskow earned his bachelor of science degree in finance and management from Ithaca College, and his master’s in business from Fordham University.
Lane Forsander Logistics Director, Cece's Veggie Co.
Lane Forsander is the Director of Logistics for Cece’s Veggie Co headquartered in Austin Texas. Forsander began her career in transportation in 2004 at JB Hunt in Northwest Arkansas where she was rapidly promoted through the ranks and eventually tasked with relocating to Southern California to help open the first field office for the brokerage division. In 2017 she joined Arrive Logistics. in Austin Texas as an Operations Manager and quickly transitioned to a National Sales Executive role managing a book of business that averaged $600k in revenue each month. As a passionate vegetarian, Forsander received the opportunity of a lifetime to join Cece’s Veggie Co as the director of logistics in November of 2018 where she has since implemented strategies that have resulted in overall savings of 30% annual freight spend.
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Fourth-Quarter Trucking Outlook: Analyzing the Peak Season (2)
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