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TRUCKING INDUSTRY * USA Truck posts $3 million loss in first half of 2008
Turns out, those were the good old days
Van Buren,ARK,USA -The City Wire -16 July 2009: -- At the end of the first six months in 2008, Van Buren-based USA Truck Inc. had produced a paltry net income of $189,000... For the first six months of 2009, the long-haul trucking company posted a loss of $3.02 million. Total revenue for the period is $185.8 million, down 32% from the revenue of the first six months of 2008... In the most recent quarter ended June 30, the company posted a net loss of $1.14 million, compared to second quarter 2008 net income of $2.13 million...* Celadon keeps long view of Mexico
IND,USA -Fleet Owner, by David Cullen -Jul 16, 2009: -- Despite the global economic meltdown that is severely hampering trade between the U.S. and Mexico, one U.S.-based truckload carrier that has long been active in cross-border hauling remains committed to operating in Mexico... Steve Russell, CEO of the Indianapolis-based truckload carrier, Celadon, points out that it’s important to understand that well before the worldwide economic meltdown was a dinner-table topic, Mexico’s industrial output was already adapting to changing global trade patterns. “Five to ten years ago,” he explained, “Mexico made everything that required cheap labor to be produced. Then China essentially replaced Mexico in that capacity and Mexico responded by becoming a producer of durable goods... (Photo: Mexican truckers at cross-border) Labels: trucking industry news USA
posted by Unknown @ 5:43 AM
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