|
John’s Blog
11-10-08
Dear Friends,
Now the fun begins. We have a new President Elect and what will this mean for us in the logistics profession?
With the US taking on a staggering amount of debt there will be little President Obama will be able to deliver on many of his campaign promises as he transitions from campaigner to governing. The only good news is that the rest of the world is adding debt too.
At his press conference, Obama said the economy was the number one issue. He has said that he is in favor of a stimulus plan as soon as possible and will be working on hammering out the details. On the campaign trail he indicated that a massive infrastructure improvement initiative would increase jobs and improve the roads and bridges in the US.
China has announced their stimulus plan which is similar to what Obama is planning. The Chinese are preparing to spend the equivalent of $586 Billion.
While President Elect Obama is working on the economy he will be getting a lot of pressure from the Teamsters and others in organized labor to push forward with check card and a review re-regulating transportation. Organized labor believes it is time for some pay back.
Deutsche Post AG announced today they will close all of its DHL Express service centers, cut 9,500 jobs in the U.S. and eliminate U.S.-only domestic shipping by land and air. The competition with FedEx and UPS was more than they could handle in a weak economy.
US truck tonnage slowed in September as the national economy contracted during the third quarter putting pressure on all carriers. Fuel prices continue to fall helping everyone.
The entire Wagner team is committed to our client base in making sure we all get through this recession through flexible, economical, and efficient operations. The Wagner team is working on some very interesting initiatives to add value and increase efficiency. Please keep Wagner in mind as you revue your plans for 2009.
Have a great week!
John Wagner Jr.
|
John's Blog 
