Smithway hurt by lack of freight and drivers
Truckload carrier Smithway Motor Xpress posted losses of $1.2 million on revenue of $44.6 million in the second quarter, compared to losses of just $384,000 on revenues of $49.9 million in the same period last year. Fort Dodge, IA-based Smithway said a shortage of drivers combined with weak freight demand in the Midwest -- particularly in steel and construction materials -- were the main reasons for