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Strategies & Market Trends : MDA - Market Direction Analysis

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Nov 21 4:00 PM EST

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To: flatsville who wrote (39711)	2/17/2000 6:25:00 AM
From: Elsewhere	Read Replies (1) of 99985

flatsville, Here in the upper Midwest independent truckers are taking small 10k and 20k loans and just parking their trucks rather than break even or run them at a loss. Good observation. One week later the WSJ has a story on it: The Wall Street Journal Interactive Edition February 17, 2000 Major Business News Truckers Protest Higher Fuel Costs, Inability to Pass Increase to Customers By DANIEL MACHALABA, Staff Reporter of THE WALL STREET JOURNAL Some independent truck drivers are parking their rigs and refusing to haul cargo as a protest against sharply rising diesel-fuel prices and their own inability to pass along the higher costs to customers. So far, the protests have been most active in parts of the East where fuel prices have gone up the most. In New England, for example, diesel prices have doubled in recent months to more than $2 a gallon. The truck drivers are clamoring for government action to drive down the fuel charges and for truck customers to agree to pay higher rates to the drivers. interactive.wsj.com

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