Off-Topic: The Trucking Industry
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Name:
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Webmaster
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Subject:
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The Trucking Industry
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Date:
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12/18/2008 12:32:02 AM
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I've heard that an Alabama trucking company was feeling it bad in this economy. Recently, I ate breakfast with a truck driver (no affiliation with that company) who told me this:
A few months ago, the trucking industry was raising their rates due to the price of gas increasing. Now that the price of gas is half what it was in the summer you'd think that the trucking companies are finally making a decent profit.
The problem with the trucking industry now is the dampened economic activity has reduced the shipment of goods. This, of course, is one reason the oil consumption has had a reduction in the U.S. for the first time in many years.
With that being said, more trucks on the road today are being driven empty (not hauling anything). When the economy was good, load pickups were likely at their drop-off destinations. The driver stated to me that until recently he had never had an empty drive back from North Carolina, a trip he regularly makes. On his last trip, he dropped off a load, contacted dispatch and was told that there were 125 trucks in line for four (4) loads within 100 mile radius. He drove back home to Alabama empty.
That's one example, but he said he had never seen road transport this bad since he had been driving.
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