http://online.wsj.com/article/SB1224811 ... lenews_wsj
Shipping Firms Gear Down as Slow Economy Takes Toll
By ALEX ROTH
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, ...
end quote.
Posts accross the WWW are reporting the lack of loads for trucking companies along with trucks sitting idle with no work.
Shipping Firms Gear Down as Slow Economy Takes Toll
By ALEX ROTH
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, ...
end quote.
Posts accross the WWW are reporting the lack of loads for trucking companies along with trucks sitting idle with no work.
