Trucking DJ Bill Mack wasn't quite prepared for a prank some truckers pulled on him at the Fort Worth Stockyards.
Two big parts of the trucking industry are bouncing back very strong and getting the attention of financial media outside of trucking.
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“Interest rates are now hovering near record highs, at an average rate of 14.72%,” reports CNNMoney.com, which explores this topic in more detail. “And if your credit is bad enough, you could even end up with a rate as high as 59.9% APR.”
Three positive reports came in today about the state of trucking (or the economy) at the end of last year. These agree with recent earnings statements from publicly traded truckload carriers, most of which made strong profits in the fourth quarter.
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The Census Bureau reported this week that new housing starts declined in December by 4.3 percent, notes the weekly economic recap from the American Trucking Associations. 2010 was the second worst year on record for housing starts, bested only by 2009, when the credit and housing collapse was at its worst.
Freight improved in November and then surged in December – enough to offset the decline in August through October.
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