Wall Street Journal: West Chester’s A. Duie Pyle Among Trucking Companies Forced to Cut Spending

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Image via A. Duie Pyle.

West Chester-based A. Duie Pyle is among the growing number of trucking companies nationwide forced to cut pay and hours due to the coronavirus-driven economic downturn, writes Jennifer Smith for The Wall Street Journal.

The effect of the pandemic has not been the same across the trucking sector. Supermarket chains and retailers that have strong online operations have been wrestling with heavy demand, pushing more work to truckers.

However, the factory closings are weighing heavily on the earnings for many trucking companies all over the nation.

The biggest impacts in March  “are for LTL carriers that are heavy on the industrial side, everything from auto parts to aerospace components,” said Satish Jindel, president of research firm SJ Consulting Group.

As a result, the family-owned Duie Pyle has temporarily reduced pay by 10 percent, with a 15 percent pay reduction for its senior leadership. The company has also had to furlough some employees.

“The effect is basically a 30 percent reduction in our daily shipment volumes over the past five business days,” said Chief Executive Peter Latta. “My brother and I are not drawing any salary.”

Read more about A. Duie Pyle in The Wall Street Journal here.

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