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Wednesday, April 20, 2005

GM Loses $1.1 Billion in first quarter of '05

Holy cow! GM lost over a billion during the last quarter. Last year they made over 2 billion in the first quarter. It wasn't long ago, they made 50% of all cars sold in the U.S. Now it's more like 25% and dropping. This puts pressure on the whole supply chain, including transportation and logistics. No wonder price per load has been dropping.

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