Trucking companies all over the country have been singing the same tune. Recent Earnings updates from a couple of large trucking carriers seem to be in line with expectations. The Truckers YRC Worldwide Inc. (YRCW) and Con-way Inc. (CNW) recently posted their first-quarter earnings on April 23rd. Both reported losses as the industry deals with slumping shipping demand.
Across the market all types of transporters have been reporting significant volume declines as the U.S. economic output continues to shrink. This has created a tough market for companies like YRC and Con-way. Both have been cutting a host of costs in addition to cutting jobs.
Well, not all companies are cutting jobs. That's for sure. CR England is certainly looking to hire new Truck Driving School Students. They are also looking to hire experienced drivers as well. CR England seems to be bucking the job cutting trend. In fact they have never laid off a single driver in their 89 year history.
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