Trucking Failures Continue at Record Pace

ATeam · Aug 13, 2008

From Land Line magazine, August 11, 2008:

"Trucking companies going out of business continued at a record pace in the second quarter, according to a report released by trucking analyst Donald Broughton.

"In the second quarter of 2008, 970 trucking companies with five or more trucks went out of business. They join 935 companies that were shuttered in the first quarter.

"The closures in the first half of 2008 have eclipsed the previous records set during the downturn in the trucking industry in 2000 and 2001, according to Broughton."

Full article

The article offers a silver lining:

"He predicted that those companies still in the game will soon begin to enjoy better paying freight. Also, with the decline in the number of trucks available to haul freight, it will be easier to keep trucks loaded with that better paying freight."

Note that industry analyists like Broughton tend to focus on publicly held companies and see the industry from a large-company perspective. He is not offering his analysis with expediters in mind.

moose · Aug 13, 2008

Indeed Ateam , good point .
this is another "industry analyst" that say what we all know and feel , by now:
not Every one are going to make it throw this hard times ,
yet , it present a greater opportunity for the ones that do.
the good small business owner at Expedite , that can save in a bad economy , the ones that slow-down ,get good fuel millage , invests in the right equipments ,and have good skills ,...
once the market-place , will pick-up ,
does are the ones that will be ahead of the game .
I see good things Happened to many of us soon.

Moose.

moose · Aug 13, 2008

Indeed Ateam , good point .
this is another "industry analyst" that say what we all know and feel , by now:
not Every one are going to make it throw this hard times ,
yet , it present a greater opportunity for the ones that do.
the good small business owner at Expedite , that can save in a bad economy , the ones that slow-down ,get good fuel millage , invests in the right equipments ,and have good skills ,...
once the market-place , will pick-up ,
does are the ones that will be ahead of the game .
I see good things Happened to many of us soon.

Moose.