Scoular - Competitors

Scoular Competition

Now Viewing Scoular's competition in: Trucking

Recent Developments

Truckers Protest Diesel Prices - In April 2008 about 100 independent truck drivers rolled into Washington, DC, to protest the rising cost of diesel fuel. The truckers urged Congress to implement several strategies to stem the rising cost of fuel: end subsidies for large oil companies, stop oil exports from Alaska, and tap into the US' Strategic Petroleum Reserve. High fuel prices are adding to trucking woes as fewer goods are being hauled due to the economic slowdown.

Surface Transportation Between US and Canada, Mexico Increases - Surface transportation between the US and its NAFTA partners, Canada and Mexico, increased 16.3 percent in February 2008 compared to February 2007, rising 18 percent for Canada and 13 percent for Mexico. The value of exports to Canada carried by truck grew 10 percent in February 2008 over February 2007; the value of exports to Mexico grew 12 percent.

Trucking Service Prices Rise Modestly - Although high diesel fuel prices have driven up the cost of transporting goods by truck, prices charged for long distance freight trucking have grown only slightly. Prices for long distance trucking services in March 2008 were up 5.8 percent compared to the previous year; the price for diesel fuel, however, rose more than 35 percent.

Competitive Landscape

Demand for trucking services is closely tied to the overall health of the economy, especially to levels of manufacturing, retail sales, and international trade. Because of the high cost of trucks, the profitability of individual companies depends on efficient operations. Large companies can best serve large customers and may have more effective marketing operations and economies of scale in buying fuel. Small companies can compete effectively by offering faster service and may also have lower costs. The industry is fairly labor-intensive: average annual revenue per employee is about $120,000.

Full Industry Overview For Trucking

Trucking Industry Forecast

from Hoover's/D&B subsidiary First Research

The output of US trucking transportation is forecast to increase at an annual compounded rate of 3.4 percent between 2007 and 2012.

Trucking Growth Steady

First Research forecasts are based on INFORUM forecasts that are licensed from the Interindustry Economic Research Fund, Inc. (IERF) in College Park, MD. INFORUM's "interindustry-macro" approach to modeling the economy captures the links between industries and the aggregate economy.