AUDIO-Looking for a bottom? Keep looking…

February 23, 2009

The U.S. is more than a year into the current recession, but things are still looking nasty. At least that’s what Bill Zollars, chief executive of trucking company YRC,┬ábelieves.

The trucking industry has been in pain since late 2006, due in part to the flagging auto and housing industries. It could also be expected that the sector should see a pick-up before the broader economy, but the environment has remained difficult, Zollars said at the annual Reuters Manufacturing and Transportation Summit held in Chicago.

So what’s a trucker to do? Zollars said folks in the industry are hunkering down, in hopes that they can operate through the downturn, and be ready to roll as conditions start to improve.

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