Bailout of Trucking Company YRC, Near Bankruptcy Before Covid-19, Ripped by Congressional Watchdog by Wolf Richter • Jul 21, 2020 • 69 Comments It wants to know: Why was YRC even bailed out? And why was the taxpayer put at so much risk? What’s going on here?
“Uneven” Freight Recovery after New Covid Outbreaks: Daily Truck Trips Already Fell 10% Since June 25 by Wolf Richter • Jul 17, 2020 • 143 Comments Was June as Good as It’s Going to Get in the Pandemic Era?
This Better Be the Bottom for the Goods-Based Sector in the US by Wolf Richter • Jun 17, 2020 • 84 Comments It’s going to be a tough slog forward.
First the Freight Recession, Now Covid-19: Trucking & Rail Freight Collapses. Is This the Bottom? by Wolf Richter • May 13, 2020 • 55 Comments YRC, one of the largest less-than-truckload carriers, wheezes under the strain.
From Panic-Buying to Lockdowns of Eateries & Manufacturing: Truckers, Railroads Face Supply Chain Turmoil, Spikes & Plunges by Wolf Richter • Apr 14, 2020 • 168 Comments “There has been a clear divide between winners and losers.”
Trucking Skids Off the Road Entirely by Wolf Richter • Apr 3, 2020 • 81 Comments “Only good news is that the number was still positive despite the high number of cancellations.”
“COVID-19 Added to this Uncertainty:” Orders & Sales of Heavy Trucks & Medium-Duty Trucks Plunge in the US by Wolf Richter • Mar 4, 2020 • 57 Comments But for its still pre-coronavirus quarter, Navistar reported today that its Truck revenues collapsed by 31%.
US Freight Shipments Plunge at Fastest Rate since 2009, Hit 2011 Level: This is Getting Surprisingly Ugly by Wolf Richter • Jan 15, 2020 • 163 Comments Why is this happening?
Truckers Take “Wait and See Approach”: Equipment Orders, After Having Plunged, Stall at Low Levels by Wolf Richter • Jan 7, 2020 • 51 Comments Amid a shakeout among trucking companies & production cuts and layoffs among truck makers.
Turmoil in the Heavy-Truck Market as Seen by a Truck Dealer by Wolf Richter • Dec 23, 2019 • 72 Comments “This, I think, was the Big One, where the fleet valuations fell out and took this company out.”
