August 9th, 2008 → 11:49 pm @ MReed // No Comments
Independent truck drivers are feeling the rough economy in three serious ways and they are dropping like flies.
In the first three months of the year almost a thousand trucking firms nationwide had to close their doors. As the industry shrinks to match the demand, those still standing will be in a good position to continue their business and do well but many of the smaller independent truckers will be gone by then.
With rising fuel costs eating up to 50 percent of their gross profits and lower demand due to the overall decline in the economy, most independent truckers are having problems just fixing the vehicles that they have to keep them running and paying for the license plates to keep them registered.
In addition, the increase in truckers in the last few years and the extension of the access for truckers from Mexico to cross the borders, makes the competition fierce.
Tags: economy, independent truckers, trucking news