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Old 02.20.2009
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Driver Fuel prices help save trucking companies on the brink

Fuel prices help save trucking companies on the brink
2/19/09
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The substantial drop in fuel prices through the final three months of 2008 are credited, by at least one analyst, with saving trucking companies that were “running on fumes.”
A quarterly report on the trucking company failures by industry analyst Donald Broughton reflected that the number of companies going out of business in the fourth quarter of 2008 dropped significantly.
Broughton reported that 375 companies went out of business in the final months of 2008. That is down from 785 companies that closed up shop in the third quarter. The fourth-quarter failures bring the total number of companies that went out of business in 2008 to 3,065 with more than 137,650 trucks shut down.
More>> http://www.landlinemag.com/todays_ne.../021909-03.htm
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