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Through the turmoil

Published Monday, October 01, 2007

What does the turmoil gripping the financial markets mean for trucking? If you thought the credit market mess was a problem only for folks who stretched too far for a home mortgage, and that there was no connection with trucking, think again. Probably the most severe impact is on homeowners who are losing their properties through foreclosure, and real estate agents, mortgage brokers and others who are losing their jobs. These numbers climb by thousands each week, and each one represents a loss of buying power for the things a truck brings. Freight traffic, which was already tepid ...

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