Chief Commercial Officer, GREATWIDE LOGISTICS SERVICES, INC.
Member of the Transportation Council
Richard Metzler is Chief Commercial Officer at Greatwide Logistics Services, a firm providing truckload transportation, warehouse, and distribution services. Mr. Metzler has more than 25 years of experience in managing freight and logistics operations in the transportation sector. He also has experience in managing ground parcel, air freight, ocean freight, supply chain technology, third party logistics, and e-logistics operations. Prior, Mr. Metzler was Executive Vice President of Marketing at DHL, Chief Executive Officer at APL Logistics, Senior Vice President at GE Capital, and General Manager at FedEx. (This is me - Update Profile)
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It Will Get Worse For Small Truckers Before It Gets Better
March 18, 2008
Current Transportation Capacity Glut is Forcing Many Independent Truckers Out of Business | www.scdigest.com
There is no question that small truckload carriers and owner-operators are hurting. There is also no question that it will get worse in the short-term. In addition to soft freight demand, the small trucker is facing the softest cash flow quarter of the year, renewal of tags, increased insurance costs and they have to pay taxes soon. From where we sit, the Bear Stearns Bankruptcy Index looks conservative. What do you have to believe in order to believe that all of this is going to change and get better? Housing and/or automotive has to make some move upwards. Together, those industries generate a disproportionate amount of the tonnage in the truckload industry. It is hard to imagine a freight recovery without some leading sign of life in these areas. Given the amount of capacity that has come out of the market, a small move in housing and automotive could lead to a very quick capacity shortage and resulting rate recovery. It is just not demand, but supply as well.
| Study Group Name | No. Members |
|---|---|
| TL and LTL Services Experts | 379 |
| Intermodal Logistics Experts | 134 |
| Container Shipping and Freight Fowarding Services Experts | 68 |
October 19, 2005 | Chicago
GLGi: 3PL Industry