Truckers Feel Economic Sting

Big Rigs

Updated Apr. 25, 2017 4:25PM EDT / Published Jan. 07, 2009 2:09AM EST

Forget the banking and media sectors--the real pain of the current economic meltdown is being felt most by the trucking industry, the Los Angeles Times reports. In just the third quarter alone, a whopping 785 trucking companies with a combined fleet of 39,000 trucks went out of business. And with economic activity drying up across the country, competition among trucking companies for remaining cargo has sent shipping prices off a cliff, making it hard for drivers to make ends meet.

Read it at The Los Angeles Times

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Truckers Feel Economic Sting