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Aug 5, 2008

SMALL TRUCKING Cos. CRISIS * USA - Independent, owner-operator truck drivers are feeling the sting of higher diesel costs even more

Louisville,NC,USA -Bizjournals.com (Charlotte,NC)/Business First of Louisville, by Cary Stemle -August 5, 2008: -- As fuel prices continue to rise with no end in sight, independent truckers such as John Whittington and Eli Wesley are tightening their belts so they can keep on truckin’... Whittington was in the Army for 20 years and worked for five years in management with Frito-Lay before he and his wife, Kimberly, became empty nesters and took up driving three years ago... They are attached to FedEx’s Custom Critical rapid response team out of Ohio, delivering goods in 48 states and Canada to customers who keep sparse inventory and order on-demand... Wesley, 61, also is an independent owner-operator with 28 trucks. Most of them are leased to Mercer Transportation Co. Inc. in Louisville... By Business First: ¡This article is for Paid Print Subscribers ONLY.! (Picture from John Simpson/Business First - Eli Wesley sits in the cab of one of the 28 trucks he leases to Mercer Transportation)

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Jul 29, 2008

Driven out of an industry * USA - High fuel prices have led to a shakeout in the trucking business, paring excess capacity

St. Paul,MN,USA -The Pioneer Press, by Christopher Snowbeck -26 July 2008: -- Jibri Copeland's truck is fully loaded... The cab offers everything from a TV and surround-sound stereo to an on-board refrigerator and microwave. A couch in the cab folds out into a full-size bed, and the heated seats have full lumbar support... There's just one problem: Filling it up with diesel fuel right now costs about $1,200. That's a big part of the reason the St. Paul resident is trying to sell his rig... An unprecedented rise in diesel fuel costs has made for tough times in the trucking business, as operators struggle to negotiate rates that cover their costs... But diesel costs aren't the only factor. The economic slowdown means there's not as much freight to haul, and the industry is suffering from an oversupply of trucks... John Hausladen, president of the Minnesota Trucking Association in Roseville said, that while he knows of some companies and individual owner-operators in the state who've gotten out of the business, the association's overall membership numbers are holding pretty steady. But when he sees what's happening nationally, Hausladen said, he's bracing for what might happen when the economy picks up again... (See Video)


* Economy forces local truckers off the road

Sanford,NC,USA -WRAL -July 26, 2008 — Amid high diesel costs and other economical issues, some local truckers have been getting out of the business... Culberson Motor Lines Owners Ron and Sandy Tillotson thought they were in it for the long haul. But June 30 was the last day of business for the truck company that Sandy Tillotson’s father started 45 years ago... On Saturday, the Sanford-based company auctioned off everything that belonged to it... Sandy Tillotson said the auction was painful for her. She and her husband have applied for jobs at several local companies... (Photo: A truck from Culberson Motor Lines is auctioned off July 26, 2008.)
(See Video)

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