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Despite a surge in U.S. spending, trucking firms face shutdowns. Can the industry recover from this paradox?
Despite a 4.9% Q3 economic boost in 2023, U.S. truckers struggle. 35,000 new trucking firms closed their doors by Sept. 30.
Matthew James Collins, an Ohio trucker, mirrors the trucking plight. A year ago, he hauled goods for four corporates. Now, only two clients remain. So, what's happening?
What's Driving the Trucking Meltdown?
The Road Ahead
Many believe the only way forward is a significant downsizing in trucking authorities. The current demand can't match the 2021 shopping spree, possibly a once-in-a-lifetime event.
Source: FreightWaves
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