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Donald Broughton, a longtime trucking analyst and managing director of Avondale Partners LLC, reported that 785 companies with approximately 39,000 trucks, or 2.0 percent of the nation’s over-the-road heavy-duty trucks, closed their doors in the third quarter.
That brings the total number of trucks pulled off the road in 2008 to more than 127,000 trucks or 6.5 percent of the trucks in the industry.
“The first three quarters of 2008 have already established a new record for the amount of capacity pulled from production within a single year,” Broughton wrote in his third-quarter report on the industry.
“Never have more trucks been pulled off the road in a shorter period of time than in the first three quarters of this year.”