Logistics, truck firms fret over economy, fuel

By Nick Carey CHICAGO (Reuters) - High fuel costs and uncertainty over the U.S. economy's outlook are among the top concerns of logistics and U.S. trucking companies, according to two surveys released on Monday. In a survey of chief executives from 39 of the world's top third-party logistics providers sponsored by Penske Logistics, CEOs said their biggest concerns in the U.S. market include a tough pricing environment, the slowing economy, pressure from customers to cut costs, and high fuel prices. "The financial crisis is clearly having an impact on the sectors where these companies do business," said Robert Lieb, professor of supply chain management at Northeastern University, who has been compiling this survey since 1990. The economy and fuel costs did not figure in the surveys as a concern for either 2006 or 2007. Survey... [read full story]                    

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