CAB again stands for the Central Analysi Bureau, a GTU partner and friend, who we think espouses great knowledge with respect to transportation insurance in particular and the transportation industry in general. I attach their year-end review and there is something in it for everyone. Here are some things I see which gave me some pause:
Simple survival was the main objective for most of the country in 2009.
The USA saw over 1.4 million reported bankruptcy filings.
With respect to trucking in 2009, 785 companies with an average fleet size of 50 power units or 39,030 trucks are no longer on the road.
The trucking industry lost 90,000 jobs or a decline of 6.7%.
From a bright spot perspective, owner-operators reported the number of miles driven up 1.5%.
Based on a commodity flow survey, electronics, electrical, and office equipment were the top commodities in terms of values shipped representing $1 trillion in values.
With respect to tonnage, coal was tops at 836 billion ton miles.
The average loss per major cargo theft was $2.1 million.
You can see the entire report:
http://www.cabfinancial.com/index.php?option=com_content&view=article&id=901:2009-review-and-look-ahead-to-2010&catid=23:resume&Itemid=30
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