ATTS LOGISTICS
  • Home
  • Services
    • LTL
    • Flexible Truckload
    • Expedited Services
    • Intermodal & Other
  • Why ATTS
    • Success Stories
  • Online Quote
  • About Us
    • Forms + FAQ
    • Technology
    • Terms + Conditions
  • News
  • Carriers
  • Contact

News

LME Shutters its doors: Signs of a Slowing Trucking Industry

7/18/2019

 
Picture
Picture
LME Inc., a less-than-truckload carrier out of Minnesota, abruptly shut its doors last week. The shuttering of this 600-employee operation  "is an indication that trucking companies that are poorly run could be in deep trouble if the economy slows" (Economist Noel Perry Warns of More Shutdowns After LME Padlocks Doors, Transport Topics, 16 Jul 2019). Besides LME, other trucking companies have also shut their doors this year. This is exemplary of both a slowdown in the trucking industry and signs of a weakening economy. 

Other carriers who shut their doors this year include: New England Motor Freight (a Northeastern LTL carrier), TFI International Inc.'s Highland Transport Division (cross-border unit operating in  the Northeast), Eastern Connection (regional freight carrier in the Northeast), Falcon Transport (Ohio-based carrier who hauled a lot of freight to and from General Motor's Lordstown, Ohio, plant), and Starlite Trucking Inc. (California-based agricultural products hauler).  

There is a lot of competition in the trucking industry right now, and companies who are not making enough money cannot stay afloat long enough to remain in business. 

Comments are closed.

    We are atts

    Proven freight brokers helping shippers and purchasing professionals navigate the complicated world of shipping.

    Archives

    January 2022
    July 2021
    June 2021
    March 2020
    February 2020
    December 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    January 2019
    December 2018
    October 2018
    September 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    October 2017
    September 2017

    Categories

    All
    Big Ugly
    Book Drive
    Charity
    Exports
    Imports
    International Trade
    News
    Tariffs
    Trade
    Trade Talks
    Warehousing

    RSS Feed

Powered by Create your own unique website with customizable templates.
  • Home
  • Services
    • LTL
    • Flexible Truckload
    • Expedited Services
    • Intermodal & Other
  • Why ATTS
    • Success Stories
  • Online Quote
  • About Us
    • Forms + FAQ
    • Technology
    • Terms + Conditions
  • News
  • Carriers
  • Contact