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TRUCKING INDUSTRY NEWS * USA
* Layoffs Deepen Pool of Applicants for Jobs Driving Big Rigs
New York,NY,USA -The Wall Street Journal/emsnews.wordpress -13 April 2009: -- Con-way Inc. used to spend $500,000 a month on advertisements seeking drivers for its fleet of 2,950 long-haul trucks. Now, the company spends less than half that amount. For years, a shortage of drivers was the single biggest problem for the trucking industry. Con-way, J.B. Hunt Transport Services Inc. and other companies spent millions of dollars annually trying to attract applicants for a notoriously unappealing job that involves spending weeks on the road, sleeping in cramped cabs and showering at dirty truck stops. Annual driver turnover has routinely approached or exceeded 100%… Instead of spending $500,000 a month on clean facilities and better care of the workforce, the main trucking industries worked long and hard to try to pass NAFTA laws that would allow them to flood the US with foreign truck drivers working at a quarter of US pay. Then, they would claim, US workers have no interest in truck driving!... Swift Transportation Co. Vice President, David Berry, said his company has a waiting list of qualified drivers for the first time in his memory. “We’re enjoying our newfound popularity,” he said. The sudden plethora of applicants is one of the few silver linings for an industry that has suffered amid huge drops in freight volumes in recent months... Depressions are not all pain. The surviving employers get to pick and choose the best workers, provide the worst working conditions, drop the pay, eliminate holidays and rest times and in general, get to treat people very miserably, and quite profitably...
* YRC May Back Pensions with Real-Estate Portfolio
Overland Park,KS,USA -Transport Topics -13 April 2009: -- YRC Worldwide is in discussions with the Teamsters union to potentially allow the company to provide some of its real estate as collateral to back its pension obligations... The less-than-truckload carrier makes monthly pension payments of between $34 million and $45 million per month, Bloomberg said, citing a YRC regulatory filing...
* Baltimore Trucking Co. Folds
Baltimore,MAR,USA -Transport Topics -13 April 2009: -- Baltimore’s Bond Transfer Co. filed for Chapter 7 bankruptcy protection and has liquidated, the Maryland Daily Record newspaper reported... Bond began as an entity in 1934 when William Constantine founded Liberty Transfer Co. with a single truck... Constantine’s son later purchased Bond Transfer Co. and the companies operated together until 1980, when Liberty ceased operations... According to American Trucking Associations data, Bond had 53 drivers, 20 owned and 12 leased trucks, 11 owned and seven leased tractors, and 14 owned and three leased trailers...
Labels: trucking industry news USA
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