With hundreds of former drivers lining up to join the lawsuit against Arrow Trucking, what will 2010 ring in for the long haul trucking industry? I can only reiterate what I have discussed before and that is Arrow Trucking will not be the last trucking company we will see close their doors. There will be many more. In fact, it has already begun.
YRC Worldwide, one of the nation’s largest trucking companies, is barely hanging on and it remains to be seen if they will indeed survive.
Carlen Transport out of Hampden, Main will be closing their doors, placing 100 drivers out of work because they are unable to maintain in the current economy. After 23 years and having grown into the largest trucking company of its kind in the state, will be gone forever.
Auto Truck Transport, Corp. out of Springfield, Missouri will close down within the next few weeks.
Both large and smaller trucking transportation companies struggle to remain open, and the continual fall of many will take place unless stimulation of the economy begins . . . and that is where the problem lies. There are no plans in place to get the economy moving again. In fact, just the opposite is taking place.
With the new CSA2010 to take place, this alone could most likely lead to the fall of up to 50% of all trucking companies in the United States. Compound this with the on-going determination to enact new legislation for emission controls, etc., and more companies and owner operators will call it quits.
There is much more building here than many realize. Nothing is coincidental and, “just my opinion,” there will be more OTR trucking companies to fall.
© 2009 – 2010, Allen Smith. All rights reserved.