Work Truck Logo
MenuMENU
SearchSEARCH

Nearly 800 Trucking Companies Out of Business Due to Recession

WASHINGTON – Few occupations feel every jolt along the nation's economic highway as deeply as trucking. Although the American Trucking Associations reported a slight rise in business in November, the previous month was the worst October for hauling cargo by truck in five years.

by Staff
January 13, 2009
2 min to read


WASHINGTON – Few occupations feel every jolt along the nation's economic highway as deeply as trucking. Although the American Trucking Associations reported a slight rise in business in November, the previous month was the worst October for hauling cargo by truck in five years. And October is normally the busiest month on the road for the holiday season.

Ad Loading...

A total of 785 trucking companies with a combined fleet of about 39,000 trucks went out of business in the third quarter, bringing the number of company trucks idled in the first nine months of 2008 to more than 127,000, or 6.5 percent of the industry, reported Donald Broughton, trucking analyst and managing director of Avondale Partners.

Ad Loading...

The tough times have pushed many drivers who had been on company payrolls out to compete for cargo business with the nation's independent owner-operator drivers, who were already struggling.

Todd Spencer, executive vice president of the Owner-Operator Independent Drivers Association, estimates that the industry probably lost work for about 100,000 drivers in the first half of 2008 when diesel prices were at record highs.

Spencer added that requirements such as work hour regulations are making it more difficult for the average driver to survive. Work-hour regulations allow for 11 hours of driving followed by a requirement of at least eight hours of sleep, which many truckers find difficult to do all at once. In addition, more states such as California are adopting tougher environmental regulations that require drivers to use the newest, cleanest and most expensive rigs.

Spencer noted that the group's average member is 50 years old, has been driving for about 20 years, owns 1.8 trucks, has no medical insurance or retirement plan and clears about $40,000 annually after taxes.

More Operations

fleetio coast pay cost
SponsoredAugust 13, 2026

Why Reactive Fleet Management Is Becoming Too Expensive to Sustain

Research highlights a growing need for proactive management strategies to address rising costs in fleet operations effectively.

Read More →
City skyline and highway with connected fleet network graphics
SponsoredAugust 12, 2026

Is Your Fleet Structure Built to Scale?

As fleets grow across regions, structural inconsistencies can increase costs, limit visibility, and create operational risk. This guide helps fleet and business leaders evaluate whether their current operating model can support growth without sacrificing control or performance.

Read More →
Field service technicians with white service vans equipped with ladder racks in a residential neighborhood, representing HVAC, plumbing, and electrical fleet operations.
SponsoredAugust 12, 2026

Fleet Management Guide for Growing Field Service Fleets

As HVAC, plumbing and contractor businesses grow, fleet complexity can begin to affect technician productivity, customer response times, operating costs, and revenue. This guide helps field service leaders build a more structured approach to managing vehicles, drivers, maintenance, safety, and lifecycle decisions.

Read More →
Ad Loading...
Fleet Forward Conference graphic featuring a row of white work trucks and the headline “Why Work Truck Fleets Should Attend,” with a red “Register Now” button.
Operationsby Lauren FletcherAugust 12, 2026

Fleet Forward Conference Registration Opens With Plenty on Tap for Work Truck Fleets

From commercial vehicle safety and AI to benchmarking, crash costs, OEM relationships, and autonomy, this year’s Fleet Forward Conference agenda has plenty aimed at the issues work truck fleets are dealing with now and preparing for next.

Read More →
Work Truck Trucks, Tips & Tours YouTube thumbnail featuring a Viatec representative and Fleet Intelligence Platform display with the headline, “Fleet Data Made Simple,” promoting Viatec’s fleet management and analytics technology.
Operationsby Wayne ParhamAugust 11, 2026

Viatec Fleet Intelligence: Turning Fleet Data into Actionable Insights

Fleet managers don't need more data, they need better answers. Viatec's new Fleet Intelligence platform connects telematics, maintenance, fuel, finance, video, and other systems to deliver actionable insights through simple, natural language queries.

Read More →
Lauren Fletcher presents Weekly Truck Chat Cheat Sheet, Drones, Robots & Fleet Tech
Operationsby Lauren FletcherAugust 10, 2026

Drones, Robots, DTNA Manufacturing Moves, and Smarter Fleet Tech Lead the News

Drones, robots, major manufacturing moves, and smarter connected fleet technology headline this week’s Truck Chat Cheat Sheet.

Read More →
Ad Loading...
Work Truck Trucks, Tips & Tours YouTube thumbnail promoting Motive Automations, featuring two smiling fleet managers with trucks in the background and the headline, “Save Hours Every Week,” plus a Truck Chat “Watch Now” button.
Operationsby Wayne ParhamAugust 10, 2026

Motive Automations Explained: From Insight to Action

Motive Automations helps fleets turn real-time insights into immediate action. In this video, you will learn how automated workflows can notify drivers, alert maintenance teams, streamline coaching, and even use AI-powered Atlas calls to improve safety and efficiency.

Read More →
Graphic promoting Automotive Fleet's 2026 Personal Use Survey with the text "Have a Personal Use Policy? We Want to Know!" encouraging fleet managers to complete the annual industry survey.
Operationsby StaffAugust 5, 2026

Automotive Fleet Opens 2026 Personal Use Survey for Commercial Fleet Managers

Commercial and corporate fleet managers are invited to share how their organizations handle company vehicle personal-use policies, charges, and driver eligibility.

Read More →
Fleets Run on Confidence with Lauren Fletcher, monthly truck chat news update and recap
OperationsAugust 5, 2026

Fleet Safety, Technician Trends and Mixed-Energy Strategy

Take a look at the people, preparation, leadership, and technology helping fleets stay ready before something goes wrong this month.

Read More →
Ad Loading...
Lauren Fletcher stands against a blue-and-black background with emerging fleet professionals behind her. Text reads “Shades of Fleet: Next Up in Fleet” and “The Next Generation of Fleet.”
Operationsby Lauren FletcherAugust 4, 2026

The Next Generation of Fleet Is Ready to Get to Work | Shades of Fleet

Meet the apprentices, early-career professionals, and emerging leaders bringing curiosity, new ideas, and people-first thinking to fleet.

Read More →