Fleet Failures

Business

Economist Noel Perry Warns of More Shutdowns After LME Padlocks Doors

LME fleet LME Inc.

One of the trucking industry’s leading economists says the abrupt shutdown of New Brighton, Minn. -based carrier LME Inc. is an indication that trucking companies that are poorly run could be in deep trouble if the economy slows.

Dan Ronan | Associate News Editor
July 16, 2019
Business

Fleet Failures at 2-Year High in Weak 3Q Freight Market

Fleet failures, measured in trucks pulled off the road, spiked in the third quarter to a two-year high, propelled by deteriorating rates, a stagnant freight market and gradually rising diesel prices, according to a new report.

Rip Watson | Special to Transport Topics
October 17, 2016
Business

Fleet Failures Accelerate in 2Q

Fleet failures, measured in the number of trucks pulled off the road, more than doubled in the second quarter on a year-over-year basis, but the resulting reduction in capacity isn’t enough to change the sluggish freight market truckers face, a new report said.

Rip Watson | Special to Transport Topics
July 18, 2016
Business

Fleet Failures Rise Sharply

Fleet failures rose sharply in the first quarter as slackening demand, stagnant freight rates and other factors sidelined 3,585 trucks, about three times more than the same quarter last year as well as the final three months of 2015, according to a new Avondale Partners report.

Rip Watson | Special to Transport Topics
April 18, 2016
Business

Fleet Failures Increase in 4Q; Pace Could Accelerate in 2016

Fleet failures increased sharply in the fourth quarter of 2015 and are likely to keep climbing this year as freight demand softens, a new report said.

Rip Watson | Special to Transport Topics
February 1, 2016
Business

Fleet Failures Remain Low

Trucking company failures reached the second-lowest level ever during 2011’s fourth quarter, reflecting the industry’s improving financial fortunes, according to a new report.

January 16, 2012