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Amid a shakeout among trucking companies & production cuts and layoffs among truck makers. By Wolf Richter for WOLF STREET. Orders for heavy trucks in December came in at 20,000. In the fourth … Read more
The trucking giant Celadon declared bankruptcy on Monday, according to federal filings. It’s poised to be the largest truckload bankruptcy in history, according to FreightWaves, which broke the story on Friday from internal … Read more
Authored by Kelli Ballard via LibertyNation.com, California used to be the dream place to live and work. With its range of landscapes, beaches, mountains, pleasant weather, and fertile soil, people flocked to … Read more
from Zero Hedge The US trucking industry had a blockbuster year in 2018, as high demand for freight allowed transportation companies to expand fleets. But since freight demand was artificial, sparked … Read more
Truck drivers have been clobbered with falling rates in 2019. There has also been a spate of trucking companies that have gone bankrupt. And a classic sign that more trucking bankruptcies are on … Read more
This article was written by Mac Slavo and originally published at SHTFplan.com The trucking industry is experiencing a “bloodbath.” So far in 2019, at least 2,500 truckers have lost their jobs … Read more
www.businessinsider.com/amazon-truckers-low-rates-no-work-2019-6 Amazon leased 10,000 branded trailers to haul your Prime deliveries. It launched its own freight brokerage service in late 2016 or early 2017, according to a recent FreightWaves report. … Read more
by William L. Anderson via Mises Wire One of the first lessons I give my economics students in the principles courses I teach or in my MBA classes is the famous … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter But the cost of shipping surges, no holds barred. The signs that the infamous cyclicality of the transportation industry is changing direction once again are still … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter It’s cyclical. The transportation sector is a reflection of the goods-based economy in the US. Demand has been blistering across all modes of transportation. Freight shipment … Read more
BRAZIL TRUCKERS STRIKE FOR SECOND DAY OVER FUEL PRICES Brazilian truckers on Tuesday staged a second day of strikes and road blockages to protest rising fuel costs. Major roads in … Read more
