California Trucking Firms Go Under, Fueling Wider Industry Fears
No recovery from yearslong slump in sight as imports, factory activity and other drivers of demand sag
Peter Schneider's California trucking company survived port strikes, trade swings and recessions.
It couldn't survive a three-year freight slump that felled the 150-truck fleet this summer after 40 years in business.
"We were running more efficiently than we'd ever run as a company by far, and we still couldn't make it," said Schneider, whose father Timothy Schneider started TGS Transportation, in Fresno, in May 1985...
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