NEW YORK, N.Y. — A New York Times report published today has thrust the problems facing independent truckers into the spotlight.
The article highlights the challenges faced by owner/operators and small companies with surging fuel costs and a softening economy. The Times reports the industry in the US is in the midst of the largest truck sell-off since deregulation.
“Most truckers are one major breakdown – a broken axle or a damaged engine – away from bankruptcy,” one trucker told the New York Times.
The article reports that more than 45,000 trucks have been taken off US roads since early last year about 3% of the nation’s tractor fleet. By comparison, in 1980 deregulation, a recession, high interest rates and an Arab oil embargo combined to take out 33,000 trucks.
Truck News is Canada's leading trucking newspaper - news and information for trucking companies, owner/operators, truck drivers and logistics professionals working in the Canadian trucking industry. All posts by Truck News