Class A truck volume set a 26 year low in February as U.S. manufacturers and their dealers sold only 6,236 heavy duty vehicles.  The sales total last month was 39% lower than the sales record recorded in the same month last year.

Mexico retaliates with tariffs after the United States halts border program.   Days after Congress and the Obama Administration “shut” down the controversial cross border trucking pilot program with Mexico.  Mexico struck back imposing new tariffs on approximately 90 U.S. products valued at $2.4 billion.  Mexico believes that U.S. failed to live up to its long standing obligations under the 1993 North American Free Trade Agreement (NAFTA) to open the border to Mexican carriers.

United States agrees to provide auto suppliers $5 billion in aid.  The Treasury Department stated, it would provide as much as $5 billion in financing to struggling automotive industry suppliers to help them stay in business.

The above statistics provide insight into the turmoil in the trucking industry;

1. Shippers continue to pressure carriers for rate reductions;
2. Shippers are slowing up their payments to carriers;
3. Freight movement has prospered dramatically, because of the World economy;

This is all directly the result of the World Financial crisis.

This is the worst Transportation crisis we have faced since the Great Depression.