November 24th, 2008 (Maryland, US) - The plans of many people have come screeching to a halt because of the ever rising gas prices and the poor economy. Vacations have been placed on hold, big purchased have been forgotten, and moving to that new home has been pushed to the back burner. While we are all feeling the pinch effects of the modern markets, moving companies are some of the hardest hit in the entire country.

Because these companies base their business on both the housing market and the price of fuel, they are really feeling the heat. The fact that gas prices are up and the housing market is down has caused a wide array of effects. Companies are trying to hold on, but many are doing things that they never thought they would have to do.

Maryland moving companies are no different from the rest of the country, and they are hurting. The state is popular for many things, including being so close to Washington DC. It seems that more and more people are moving away from the big city life, but they are choosing to do so without the help of a moving company, and many Maryland moving companies are losing business and money.

The results of this are not pretty. While some companies are selling off assets to try and stay afloat, other companies have had to lay off employees who have been with them for many years. Other companies are charging a fuel surcharge, but are losing business because of the higher costs. A couple of companies has simply stopped taking out of town jobs, but do not charge extra for local moves.