Kansas City, MO – Trucking companies are posting big losses as the recession drags on. One of the largest, YRC Worldwide, lost more than 300 million dollars in the second quarter, and may be headed for bankruptcy. KCUR's Frank Morris reports.
The amount of stuff shipped by truck, as measured in tons, fell off steeply last year, and hasn't come back. It was down more than 13% in June. That makes for a lot of idled or under filled semis and steep losses for trucking companies.