Carrier bankruptcies called "worst ever"

| Monday, January 07, 2002

The trucking industry has the highest incidence of bankruptcy of any industry, according to Transportation Technical Services. The company's 2002 National Motor Carrier Directory lists about 22,000 trucking companies, including more than 2,400 that are new to this year's directory.

"Last year's NMCD had 27,000 carriers listed ... you do the math," said Ron Roth, TTS executive vice president. "This is the worst we've seen it in 17 years of publishing the NMCD."

To qualify for inclusion, carriers must either file a current annual report with the U.S. Department of Transportation, complete a four-page mail survey or answer TTS researchers' telephone questions. Roth acknowledges that other sources list far more truckers than TTS, "but they don't know how to subtract," he says.

The 2002 edition of the NMCD is available in print and on CD-ROM or on the Internet at www.fleetseek.com. Carrier profiles include CEO and headquarters information, revenues, fleet size and commodities transported. TTS also has released a 2002 Canadian Motor Carrier Directory with information on 2,616 firms. Additional information is available at www.ttstrucks.com.

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