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TRUCKING INDUSTRY * USA - Freight and Fleet Reductions
Trucking Firms Feeling Economic Pinch
Springdale,ARK,USA —The Morning News, by Lana F. Flowers & Kim Souza -September 12, 2009: -- Stores are reducing inventories as consumers buy less and hold on to their money amid job losses, furloughs and reduced investment values... Manufacturers are making fewer items, as stores reduce inventories and sell less... Truckers have a saying that "if you bought it, trucks brought it"... The transportation industry portends the shape of the economy. Trucks have to ship the goods before they hit the sales floors. If manufacturers aren't making items for retailers to sell, then trucks have no goods to ship... The reduction of stores and store inventory has a trickle-through effect as local transportation firms, including Lowell-based J.B. Hunt Transport Services Inc. and P.A.M. Transportation Services Inc., report selling and parking more trucks and tractors... Lana Batts, a consultant for Transport Capital Partners and former president of the Truckload Carriers Association, told Transport Topics she believes two things are certain... "The strong will get stronger and the big will get bigger. There will be prosperity for those carriers who are left standing. The real question is: Who is going to be standing?"... (Photo by ZAC LEHR/THE MORNING NEWS: Trucks at a J.B. Hunt office on 71B in Lowell drive around the parking lot Friday, September 11, 2009.)* New punitive tariffs on all car and light truck tires coming from China
Washington,DC,USA -The Associated Press by Elizabeth Dalziel - 12 Sept 2009: -- President Barack Obama, has imposed punitive tariffs on all car and light truck tires coming coming into the United States from China, a move Beijing condemned Saturday as protectionism and a violation of the guidelines of global trade... (Photo: Trucks transport cargo at a container terminal in the port of Dalian, China)Labels: trucking industry news USA
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