Dear Friends,

On the positive side, the long awaited oil bubble burst last week with a steady report of day over day declining prices.  Mysteriously the price of Diesel kept going up.

Several trucking companies (see attached articles) reported stronger numbers last week. It would appear that the predictions of market strength due to declining numbers of trucks are restoring some leverage they lost at the front end of the freight recession. Those that didn’t see higher earnings are seeing stronger volumes (Werner) which a good sign as well.

We all need to keep our fingers crossed that the price of oil continues to fall as speculators give up their position.  This would really help the economy as inflations numbers are up 5% over 2007 at this time.  Most of this is due to oil and the Federal Reserve Bank cannot do what they would normally due with high inflation numbers, raise the prime rate.  Bernanke is stuck as he has no bullets in his gun to deal with this as raising the Prime Rate would slow business growth at a time when people need jobs and companies need other companies to buy from them.

I have been notified that Wagner has once again been selected by Inbound Logistics Magazine as one of the Top 100 3PLs in the United States.  We are honored to receive this recognition as I know a lot of companies chase this honor.

Please let me know how we may help you with your supply chain as we have a great team supported by great technology to efficiently move products/materials/merchandise through to your plant, distribution centers or direct to consumer.