Trucking exec: Haven't hit bottom yet

rookietrucker · Apr 23, 2009

[FONT=Arial, Helvetica, sans-serif]Trucking exec: Haven't hit bottom yet

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At the fifth annual ALK Transportation Technology Summit in Princeton, N.J., the president of U.S. Xpress, John White, said the trucking industry entered an economic freefall during 2007 and has not yet hit bottom.

Today is the most difficult environment in the last quarter century, White said. The federal government is trying to become the little engine that could by driving our economy. I dont know if well ever get back to a time like growth in 2005 and 2006.

The trucking industry lost about 45,000 jobs in the first quarter of 2009 alone, White said. With the exception of refrigerated freight, demand is down in all sectors by about 25 percent. The only silver lining is that the strong will get stronger. In meantime, significant harm is being done.

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For all of our sakes, I hope he is wrong and things get better.

dancnoone · Apr 23, 2009

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He and others are betting the farm that he is right.

Looking at the trades this week, made me sick.

All these companies tooting their horn about being the "leading" team oriented company. Without ever mentioning they were forcing drivers to team, and running them like solos.

Mooney · Apr 23, 2009

I guess the only silver lining is that the price of diesel is down almost two bucks from a year ago.

One can only imagine the carnage if it was still that high.

wannabe1 · Apr 23, 2009

It doesn't look promising or inviting for a wannabe trucker.

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Trucking exec: Haven't hit bottom yet

rookietrucker Trucker Forum STAFF Staff Member

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dancnoone "Village Idiot"

Mooney Road Train Member

wannabe1 Bobtail Member

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