Transportation has experienced the worst economic challenges, since the Great Depression. 

• Freight rates are down dramatically;
• Shipper demand is down dramatically;
• Some carriers have seen their revenue decline by 30%-40%;

Many trucking companies have substantial trucks “sitting up against the fence” due to the lack of freight. Some states such as Texas, freight rates are as low as 65¢ a mile;

• The economy continues to “sputter”.

At the same time, there is less demand for fuel, yet crude oil continues to rise, which directly affects trucking companies “bottom line” profitability.  To sum up the conditions of the trucking industry—very chaotic!

This entry was posted on Wednesday, March 11th, 2009 at 2:41 pm and is filed under Transportation. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.