Trucking 2008
Dear Readers:
2008 was the worst year that the trucking industry has experienced, since the Great Depression.
- Supply did not equal demand
- Freight became a scarce commodity in our industry;
- Freight rates continue to be depressed;
- Diesel fuel hit an all time record high of $145.00-$150.00 a barrel for crude oil.
- In some parts of the country, Diesel fuel was as much as $5.00 a gallon, and;
The economic collapse of the world economy, put the trucking industry in a “tail spin.”
What effect will this have on the trucking industry for 2009? Stay tuned for further comments…..