WASHINGTON - Few occupations feel every jolt along the nation's economic highway as deeply as trucking. Although the American Trucking Associations reported a slight rise in business in November (2008), the previous month was the worst October (2008) for hauling cargo by truck in five years.
Short-Sighted Management: What Not to Do in a Recession
I am dismayed at the number of fleet managers who have lost their jobs due to corporate cutbacks. Similarly, I am amazed at the short-sightedness of today's senior management making these decisions without regard to the implications of lesser-qualified individuals managing one of their largest asset classes. I predict that companies that downgrade the expertise of their in-house management will be on the wrong side of history and will be the poster children of what not to do in a recession.