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TRUCKING INDUSTRY TROUBLES * USA - Economic troubles hitting industry especially hard
Downturn in retail, real estate means less goods to transport
Sacramento,CAL,USA -The Sacramento Business Journal, by Melanie Turner -January 23, 2009: -- A worsening economy is one more blow to the trucking industry, which took a hit from record-high fuel prices last summer and still faces costly state Air Resources Board regulations... The California Trucking Association is starting to see a decline in membership as companies shut down. The association reported more than 100 companies merged or went out of business in the past year, Julie Sauls, vice president of external affairs for the association wrote in an e-mail... Nationally, more than 2,000 trucking companies, each with at least five trucks, went out of business in the first six months of last year, the most recent period for which data was available from the American Trucking Association. Most could no longer afford to do business, Sauls said... (Photo by Noel Neuberger Sacramento Business Journal - Devine Intermodal driver Don Reed drops a trailer at Farmers’ Rice Cooperative in West Sacramento. Devine hauls a lot of agricultural and food products, so has been somewhat insulated from the economic slowdown)Labels: trucking industry news USA
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