Lonnie Wallace, president of Jim Palmer Trucking, said two recruiters and four maintenance-related personnel were let go from the trucking firm. The business employs 425 people.
“All we're doing is consolidating positions because of the economy,” Wallace said. “The high fuel prices have forced us to streamline operations.”
Wallace denied that any leases had been terminated or any trucks have been repossessed.
“We didn't turn back any equipment or no leases have been terminated,” Wallace said.
He said the 44-year-old Missoula trucking firm hauls for a variety of clients, including Anheuser-Busch, Coors and Kroger.
Based on his readings of industry news, Wallace said more than 900 trucking firms in the nation reportedly had gone out of business or declared bankruptcy by the end of the first quarter.
Reporter Pamela J. Podger can be reached at 523-5241 or at pamela.podger@missoulian.com.
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