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Truck freight still looking for bottom

Published Wednesday, April 22, 2009

PRINCETON, NJ. While conditions will eventually turn around for the trucking industry, the growth experienced by for-hire carriers in 2005 and 2006 "may never come again," according to John White, president of U.S. Xpress Inc. Delivering an industry outlook to the 2009 ALK Technology Summit being held here, he called current economic conditions "a broad-based recession" and "the worst in the postwar era." Freight tonnage has dropped 13.4% from its peak in 2007, "and personally I don't think we've seen the bottom yet," he said. As a leading economic indicator, trucking began to experience "a ...

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