Drivers losing jobs !

[fxstc07]

This hasn't been a good year for the trucking industry. The economics shows clearly we are in a slide. Wall Street may be happy ( I would be if the government just handed me a Trillion dollars ) but that doesn't reflect the average working man or woman.

At least 2,500 truck drivers have lost their jobs in 2019 as the transportation 'bloodbath' unfolds — here's the full list of bankrupt trucking companies

Six trucking companies have folded in 2019.
That has left more than 2,500 truck drivers unemployed.
Truck drivers are suffering in 2019 — especially those who own or work at small businesses.
Rates in the spot market, in which retailers and manufacturers buy trucking capacity as they need it rather than through a contract, sank by about 18% year-over-year in June.

https://news.yahoo.com/least-2-500-t...l&uh_test=1_06

[ABFwife]

Re: Drivers losing jobs !

This hasn't been a good year for the trucking industry. The economics shows clearly we are in a slide. Wall Street may be happy ( I would be if the government just handed me a Trillion dollars ) but that doesn't reflect the average working man or woman.

At least 2,500 truck drivers have lost their jobs in 2019 as the transportation 'bloodbath' unfolds — here's the full list of bankrupt trucking companies


https://news.yahoo.com/least-2-500-t...l&uh_test=1_06

Trump can brag all he wants, my husband has barely worked a full week this whole year.

[222lifer]

Re: Drivers losing jobs !

Is this the "winning" Don the Con was talking about?

Sent from my SM-J327T using Tapatalk

[fxstc07]

Re: Drivers losing jobs !

Another trucking company has ceased operations.

Breaking News: Another motor carrier abruptly ceases operations amid freight recession

Another motor carrier has fallen victim to this year’s freight recession as Terrill Transportation Inc. of Livermore, California, abruptly ceased operations on July 30.
Kevin Terrill, president of Terrill Transportation, did not respond to FreightWaves’ phone calls or email requests for comment about the closure.
“He [Kevin] said rate concessions on both the trucking and warehousing side, driver wages being up and the tough environment to do business in California were to blame for the closure,” the trucking company executive, who did not want to be named, told FreightWaves.
According to the Federal Motor Carrier Safety Administration’s SAFER website, Terrill Trucking had 30 trucks and 36 company drivers. It also had 12 owner-operators.

This is the seventh major closure in 2019. The others were NEMF, Falcon, Williams Trucking of Dothan, Alabama, and Indiana-based A.L.A. and Starlite Trucking and LME.

https://www.freightwaves.com/news/br...79175252108775

[ABFwife]

Re: Drivers losing jobs !

Another trucking company has ceased operations.

Breaking News: Another motor carrier abruptly ceases operations amid freight recession


https://www.freightwaves.com/news/br...79175252108775

An update on this company:

A California-based trucking and warehousing company, forced to cease operations more than a year ago, recently filed for Chapter 7 liquidation.

In July 2019, Terrill Transportation Inc. of Livermore, California, abruptly closed its doors amid a brutal freight recession that forced several carriers to shut down.

At the time of its closure, Kevin Terrill, president of Terrill Transportation, also operated a warehousing distribution business. His company had 30 power units and 36 company drivers, according to the Federal Motor Carrier Administration SAFER website. It also had 12 owner-operators.

He said many factors played a role in the company’s demise. As the business continued to decline in early 2019, Terrill was reluctant to let any company drivers go. Despite dropping freight volumes, drivers were still getting paid regardless of how many loads they hauled.

“Part of Kevin Terrill’s philosophy was that he wanted to make sure that drivers had good jobs with good benefits,” McAllister told FreightWaves. “However, he had a high percentage of drivers who were employees and not independent contractors, and that was a problem for the company.”

https://www.freightwaves.com/news/sh...for-bankruptcy