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TRUCKING INDUSTRY COMMENTS * USA
* Trucking fortunes take high, low roads - Trucking is one of the first industries to suffer when the economy lags and one of the first to recover
Phoenix,AZ,USA -The Arizona Republic, by Stephanie Paterik -Apr. 20, 2007: -- Two Phoenix-based trucking giants released vastly different earnings statements this week, with Knight Transportation Inc. announcing a 5 percent uptick in first-quarter profits and Swift Transportation Co. reporting that its profits plummeted 74 percent. Most American trucking companies can sympathize with Swift, which said it took a hit from higher fuel costs, bad weather and waning demand...
* Trucking industry hitting slower gear
Chicago,IL,USA -- Medill News Service/The Chicago Daily Herald, by Jackie Keenan -April 20, 2007: -- The 2006 trucking industry boom is stepping on the brakes in 2007, according to a report by New York-based Fitch Ratings Ltd. But even though truck shipments will be fewer this year, the sector’s labor market is enduring a dangerous driver shortage that causes many companies and industry leaders to worry about the future... George Billows of the Illinois Trucking Association said even though growth is slowing, the shift to a global economy will become stronger. He said “75 percent of the imports and exports in this country go by truck, and as we import more, you need truck drivers to deliver that.”... Illinois estimates 85,000 drivers will be needed here by 2014, a 14-percent increase from 2004, and the expected supply falls far short...
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