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TRUCKING INDUSTRY CRISIS WORLDWIDE
* India - Slowdown hits goods transport business
A third of the 350,000 trucks plying on long routes face the threat of seizure by their financiers over payment of arrears
New Delhi,.India -The Business Standard (Mumbai,Maharashtra), by Bijith R -January 2, 2009: -- Over 7,000 such trucks have already been seized... Truckers, in short, now face their worst ever crisis. The magnitude is not small. All told, there are 275,000 goods transport agencies or truck operators in the country, who together own 4.43 million trucks. The crisis has put at stake the livelihood of almost 25 million workers who are directly or indirectly employed in the goods transportation industry...
* Macau - Trucking business slumps 60 percent amid economic turmoil
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RAS Macau,China -The Macau Daily Times -2 January 2009: -- Chairman of the Trucking Industry Mutual Help Association, Tong Chak Sam, said the local trucking business had shrunk by 60 percent as impacted by the global financial crisis... Tong said trucking was a "passive industry", and following the close down of a number of factories in the mainland and Macau, and also the decrease of local construction projects, drivers of cross-border goods carrying trucks and local transit connections trucks had been affected. He added that some drivers had already been forced to sell their vehicles. Despite the mainland exempted bridge and road toll charges, Tong said the effectiveness was "not evident"...
Labels: trucking industry crisis
posted by Unknown @ 7:12 AM
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