Accounting Fraud & Freight Recession Topple Celadon, Largest Truckload-Carrier Bankruptcy in US History by Wolf Richter • Dec 9, 2019 • 58 Comments Creditors trying to repossess trucks over the weekend. Thousands of drivers on the road, some stranded. Employees left in the dark. Shares plunge 93% this morning from nearly nothing to practically nothing.
Trucking “Thrives on Stability, But We’re Now on a Rocky Road” by Wolf Richter • Dec 4, 2019 • 53 Comments Orders for heavy trucks re-plunged, after false bounce off the bottom.
US Freight Shipments Skid Below 2014 Level, Hit by the Slowdown in Industrial, Manufacturing & Construction by Wolf Richter • Nov 15, 2019 • 76 Comments Efforts to frontrun tariffs was part of it. But now, there’s more to it.
What Heavy Trucks Are Saying by Wolf Richter • Nov 5, 2019 • 30 Comments “I do believe that in North America it is a cyclical downturn”: Cummins COO.
Dual-Track Economy: Slowdown in Industrial Sectors Hits Truckers & Railroads. But Consumers Are Still Buying Stuff by Wolf Richter • Oct 14, 2019 • 30 Comments The hangover after the tariff-front-run boom last year.
Orders of Heavy Trucks Collapse, Layoffs Start by Wolf Richter • Oct 3, 2019 • 24 Comments “Fleets are nervous. The latest manufacturing and construction numbers are concerning. The trade issue with China looms.”
Light at End of Tunnel or Oncoming Train for the Goods-Based Economy? by Wolf Richter • Sep 15, 2019 • 54 Comments What US Freight Shipments and Pricing Say About the Slowdown.
Orders for Heavy Trucks Plunged 80% in August by Wolf Richter • Sep 5, 2019 • 52 Comments Here’s why — and how that’s impacting truck makers.
Freight Shipments Suffer Steepest Drops since Financial Crisis, Overcapacity Balloons by Wolf Richter • Aug 16, 2019 • 77 Comments For Trucking and Railroads, it’s Hangover Time.
It Starts: First Truck Maker Cuts Production by Wolf Richter • Aug 16, 2019 • 12 Comments Navistar confirms next phase in Transportation Recession.
