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Article: Recession keeps Arkansas truckers hunkered down.(Transportation & Shipping)
- Article from:
- Arkansas Business
- Article date:
- August 24, 2009
- Author:
CopyrightCOPYRIGHT 2009 Journal Publishing, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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WANT TO GET SOME IDEA OF how the economy is doing? Look no further than the latest reports coming from the trucking companies.
There are all sorts of indicators, but none is more reliable than the trucking industry. And the industry remains in rough shape.
A lot of red ink still covers the latest quarterly earnings reports of Arkansas' publicly traded trucking companies. And those outside the state are faring no better. Indeed, the nation's largest trucking company, YRC Worldwide Inc. of Overland Park, Kan., has been teetering on the edge of bankruptcy--it lost $309 million in its second quarter--but may have received salvation from recent pay and benefit ...