100 Trucking Companies folding each day!

United States
May 19, 2008 8:37am CST
Can this be true? I just heard this statistic on a news report! If it's true, store shelves could become much less stocked.. What can we do to prevent all this job loss?
1 person likes this
5 responses
@Lakota12 (42684)
• United States
19 May 08
we cant do anything about it as long as gas prices are up this is what is causing trucking lines to fold they just cant take the gas prices .and as this hurst them it will also affect my son for he is a machanic for a big truck companythe less a company can run the less have to be fixed also the parts they need have to be trucked in to the business place
2 people like this
@webeishere (36355)
• United States
19 May 08
If this keeps up things will go way back to the era when everything was shipped viw railways. This will increas train traffic causing more accidents and still a rise in the cost of transporting various goods all over. A non stop mess umnfortunetly. HAPPY POSTINGS FROM GRANDPA BOB !!~
1 person likes this
@Lakota12 (42684)
• United States
20 May 08
I agree its gonna be a mess!
1 person likes this
@slickcut (8141)
• United States
19 May 08
It could very well be true.I think we are either in a recession or going into one...Things are going up drastically,and i have found that some stores are under stocked...My Mom and Dad use to talk about the depression,and if history repeats itsself like it supposs too,i supposs we will eventually go into a depression again...I hope not ,but if things keep going as they are now ,we will probably go into a depression again...My husband use to drive a truck and with the gas prices so high and wages staying about the same i can see where the companies are folding...
2 people like this
• Canada
19 May 08
I am not certain as to the truthfulness of that statement! 100 trucking companies a day does sound like alot, but then again what area of the world does this statement pertain to? Simply the United States, North America, Canada, the world? I really don't know. However, what with the rising costs (almost daily there are rises in costs) such as insurance coverages, maintenance to the trucks, labour, gasoline, how can it not be plausible that companies are having it rough, or even having to fold because the business simply isn't carrying itself or even breaking even. There was a time many moons ago when a man or woman could begin a business investing their hard earned savings, or borrowing a sum they knew they could repay from profits. However, those days are long since gone. It seems that every day in the past several years companies are having to tighten their belts and usually it is the personnell that have to go first. Sometimes repairs are overlooked if the vehicle can still stay on the road, or truckers are having to log almost around the clock and some really do, just to stay alive in the business. Every product that business needs has more than tripled in price and if their bottom line doesn't bring in anything extra and not even cover their operating costs, then your going to see businss' fall off the map. There is a solution to this problem not only for trucking companies, but for all business owners, and also for their employees, but I haven't a clue as to what that solution is. Possibly if all working men and women everywhere, and all business owners everywhere mass together and stop working for just one day, it may tell those who harvest the money that there is a limit to what any sane person is willing to do for the buck, or, make the non-productivity last for a week, maybe that would drive those that hike the prices for necessity of life take a think and stop the gouging. You had to ask, I just had to answer. Dragonfly77
@twallace (2675)
• United States
19 May 08
I think there is going to be more problems with the gas issues and it's going to affect everyone in more ways than one. Right now it's not that bad but it will get worse soon enough.
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@webeishere (36355)
• United States
19 May 08
I have not heard ths. But the cost of deisel is sky high and a lot of truckers/companies can't keep affording this price. Some companies are offering bonsuses to their drivers if they slow down on the raods to conserve fuel. HAPPY POSTINGS FROM GRANDPA BOB !!~
1 person likes this