Bad news for nurseries and others who are dependent on the trucking industry. Massive bankruptcies and shutdowns have taken some 127,000 trucks off the road, with many being sold to companies in Eastern Europe and Russia, the Capital Press (Salem, Ore.) reported. According to Donald Broughton, an analyst with the Avondale Partners research firm:
“A record number of trucks, in a record amount of time, representing a record amount of the nation’s capacity has been taken out of service. Even a small pickup in demand will create a very tight capacity situation very quickly.”
Fortunately for nurseries, most of the companies that have closed have not been companies that served nurseries, Kathy Carlson, manager for Advantage Oregon, told the paper. But unfortunately, the squeeze still is likely to affect nurseries because over time, it will tighten the overall market. “I think right now there is a false sense of capacity,” she said.