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Discussion Starter #1 ... lenews_wsj

Shipping Firms Gear Down as Slow Economy Takes Toll

Transportation companies are reporting sharply lower freight volumes, a sign that the pipelines of global commerce have begun to slow.

Goods shipped by truck, train and ship have all fallen off in volume, and freight companies are now forecasting a slump as the credit crisis slows manufacturing and puts the brakes on consumer spending. Shipping companies are considered a barometer of economic health, which makes the current downturn particularly worrisome. The autumn months ordinarily bring a surge in preholiday shipping.

On Thursday, package-delivery giant United Parcel Service Inc. said it had "precipitous declines" last month in volume of next-day-delivery products, ...

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Posts accross the WWW are reporting the lack of loads for trucking companies along with trucks sitting idle with no work.
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