There is a tremendous amount of reasons why you should be paying attention to the trucking industry at the current moment. Arrow Trucking just went down the drain on Thursday, December 24, 2009--- halting all operations, canceling fuel cards, and telling drivers (by direction of Daimler Financial who funded the entire fleet of trucks) to return their rigs to the nearest Freightliner dealer and get a bus ticket home. I have recently seen this article concerning YRCTrucking (YRC Worldwide) and that GOLDMAN SACHS IS TRYING TO BANKRUPT YRC through bad derivatives and credit default swaps. Keep in mind that YRC(W) is the largest, most comprehensive network in North America and one of the largest in the world for that matter. IT IS OF GREAT CONCERN to pay attention to such a matter.
Trucking Bankruptcies threaten 3 major necessities:
Goods/Materials (commodities necessary for everyday life [-life essentials/non-life essentials])
Why the concern that I insist?..........