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TRUCKING INDUSTRY NEWS * USA - Housing Crisis Hits Trucking Industry
USA -Trucker to Trucker -18 Oct 2007: -- J.B. Hunt Transport Services Inc. made the national news last week when it posted a third quarter loss... J.B. Hunt is the latest of a number of industry players, including larger YRC Worldwide Inc., to report financial losses... The 18% rise in fuel prices isn't helping the trucking industry's bottom line, but the real problem is falling freight volumes, one more fallout of the disastrous subprime lending fiasco that has decimated the housing industry... The burst of the housing bubble has been sending ever-expanding shock waves through the economy since last year... Repercussions have finally hit the trucking industry...Labels: trucking industry news USA
posted by Unknown @ 7:41 PM
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