Volume 11, Edition 8 (posted 8/29/2008)
Well here we are at the end of the summer. We expect that most of you are already gone and will not even read this until September. We hope you enjoy (or enjoyed) the Labor Day Holiday. We would also like to welcome Michael Pennisi, our newest financial analyst. Hopefully you will get a chance to speak with him soon. Welcome Michael!
The slow pace of the August month results in little to report. We noticed that there were even fewer judicial decisions this month. But we can always find something to comment on.
BANKRUPTCIES DOUBLE – Once again we can not stress the importance of knowing the financial security of your insured. Transport Topics reports that trucking bankruptcies doubled in the second quarter, with 970 carriers closing up shop. This took approximately 88,000 trucks off the road. We are here to help you understand their financial records and help you evaluate their chance of continued success. Read More