LadyTrucker
April 22nd, 2008, 16:41
HACKENSACK, N.J. -- For Peggy Mecca, a 30-year veteran of the trucking industry, the future couldn't be gloomier.
"This is the worst time that I have seen," said Mecca, treasurer of Jersey City, N.J.-based Mecca and Sons Trucking Corp. "You are going to see a lot of companies go out of business because the reward is just not worth it."
Record high diesel fuel prices, toll hikes and the slow economy are making the trucking business more difficult than ever, Mecca and others say.
A 40 percent increase in the cost of a gallon of diesel over the last year, raising the price from $2.87 to $4.06 a gallon, has hit trucking companies just as they are losing revenue, prompting layoffs and predictions of company shutdowns.
Read more..http://www.postbulletin.com/newsmanager/templates/localnews_story.asp?z=7&a=338802
"This is the worst time that I have seen," said Mecca, treasurer of Jersey City, N.J.-based Mecca and Sons Trucking Corp. "You are going to see a lot of companies go out of business because the reward is just not worth it."
Record high diesel fuel prices, toll hikes and the slow economy are making the trucking business more difficult than ever, Mecca and others say.
A 40 percent increase in the cost of a gallon of diesel over the last year, raising the price from $2.87 to $4.06 a gallon, has hit trucking companies just as they are losing revenue, prompting layoffs and predictions of company shutdowns.
Read more..http://www.postbulletin.com/newsmanager/templates/localnews_story.asp?z=7&a=338802