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Oct 9, 2008

PROGNOSIS * USA - Tough times for trucking

Times are tough for the trucking industry and not likely to get easier in the near future...

USA -eTrucker, by Misty Bell -8 Oct 2008: -- ... said American Trucking Associations President and CEO Bill Graves, at the group’s annual conference this week, when he discussed the difficulties facing the industry. “Things are not going well for our industry,” he said, “and we face some awfully tough times in the near future”... With the stock market crisis, worldwide unrest and fuel prices close to all-time highs, Graves said, the near-term outlook seems bleak... ATA’s Graves pointed out some actions industry leaders and drivers can take to offset the negative impacts of the economy. He encouraged planning, teamwork and greater knowledge of the nation’s infrastructure, as well as being involved with upcoming elections and legislative issues like the pending discussion on highway reauthorization... (A slowing economy and tight credit conditions are forcing many owner-operators out of business)

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