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Special Committee on Intermodal Transportation and Economic Expansion Workshop

Special Committee on Intermodal Transportation and Economic Expansion Workshop. October 23, 2009 Patrick E. Quinn Co-Chairman & President U.S. Xpress Enterprises. Industry Facts. Represents roughly 5% of the nation’s gross domestic product (GDP)

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Special Committee on Intermodal Transportation and Economic Expansion Workshop

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  1. Special Committee on Intermodal Transportation and Economic Expansion Workshop October 23, 2009 Patrick E. Quinn Co-Chairman & President U.S. Xpress Enterprises

  2. Industry Facts • Represents roughly 5% of the nation’s gross domestic product (GDP) • $660 billion industry, hauling 10.2 billion tons of freight annually • 8.9 million people throughout the economy employed in trucking jobs • 3.5 million truck drivers, including local & over-the-road

  3. Industry Facts • Operates 2.0 million truck-tractors and 7.0 million total heavy duty commercial trucks • Class 8 trucks log 139 billion miles annually • Consumes 39 billion gallons of diesel annually • Exclusively serves over 80% of communities in the U.S.

  4. Distribution of Tonnage by Mode: 2008 vs 2020 2008 2020 Source: U.S. Freight Transportation Forecast to…2020

  5. U.S. For-Hire Trucking Employment Thousands Through September 2009 Lowest level since 1995 Sources: Department of Labor and ATA

  6. Housing Price Index Average Annual Growth Rate: -9.4% 2006 – 2009:Q2 Average Annual Growth Rate: 15.0% 2000 - 2005 Average Annual Growth Rate: 4.4% 1987-1999 Sources: S&P/Case-Shiller National Index and ATA

  7. U.S. Manufacturing Production Through August 2009; 2000 = 100 6.7% drop peak-to-trough 17.3% drop peak-to-trough Sources: Federal Reserve Board and ATA

  8. Total Business Inventories-to-Sales Ratio (Includes retail, wholesale, and manufacturing; Through August 2009) Significant progress has been made to clear out bloated inventories. Sources: Department of Commerce and ATA

  9. ATA’s For-Hire Truck Tonnage Index Seasonally Adjusted; 2000 = 100 Through August 2009 Aug: -7.5% from Aug 2008 Looks like a bottom, finally. Source: ATA

  10. ATA’s For-Hire Truck Revenue Index 2000=100; Through August 2009 Aug: -24.9% from Aug 2008 Source: ATA

  11. Trucking Failures Failures only includes fleets with at least five trucks Failures are surprisingly low, but truck counts are more important than the number of carriers that fail. Source: Avondale Partners, LLC

  12. Fleets Continue to Downsize Cumulative Decrease Aug 2009 vs Aug 2008 ! This slide shows the change in the fleet size for those TL carriers that are surviving. It is not total industry capacity, which has fallen significantly more. Source: ATA’s Trucking Activity Report

  13. U.S. Class 8 Truck Sales Monthly Retail Sales; Through August 2009 Truck sales are running well below historical replacement rates. No Pre-buy Here Source: Wards

  14. On-Highway Diesel Prices Price Per Gallon Record: $4.76 (07/14/08) $2.58 (10/5/09) Source: Energy Information Administration

  15. Top Industry Issues 2009 • Economy • Government Regulation • Fuel Issues • Congestion/Highway Infrastructure • Hours of Service • Commercial Driver Issues • Environmental Issues • Tolls/Highway Funding • Truck Size and Weight • Onboard Truck Technology

  16. Congestion/Highway Infrastructure • FHWA report on top highway bottlenecks • 226 Million Hours Lost Annually • Cost $19 Billion/year (ATRI) • Physical bottlenecks account for 40% of congestion • ATA supports diesel tax increase provided funds dedicated to addressing bottlenecks

  17. Tolls/Highway Funding • Fuel tax fairest, most efficient source of funding for highways • Oppose tolls on existing highways • High administrative costs • Cause diversion to local roads • Oppose privatization of existing highways • Would consider supporting shipper fees provided truck driver/carrier is not tax collector and no serious administrative/collection issues • Revenue should go to freight infrastructure projects proportionate to modal contribution

  18. Truck Size and Weight • Reforms can produce safety, energy & emissions, economic benefits • ATA supports a process under which states can petition the federal government for regulatory relief • Support state option – no mandates

  19. Commission Freight Recommendations • Create and fund a national freight transportation program in conjunction with States and metropolitan areas and consistent with a National Freight Transportation Plan, that eliminates chokepoints and increases throughput • Federal grants for meritorious projects • Establish dedicated freight fund

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