Join us as we chat with Phil Shook, who managed the intermodal division at C.H. Robinson for almost a decade, about the future of transport, industry insights, and key acquisitions.
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?
Booming Consumerism: Thanks to a slowdown in inflation and the American's undying love for shopping, spending shot up.
Trucking Overcapacity: Post-pandemic saw a trucking boom, with trucking authorities surging from 255,000 in Jan 2020 to 363,000 now.
Rates Dip, Costs Rise: Average per-mile rates for fleets are down by 11.6% from 2022. Add soaring fuel, repair, and other expenses to the mix.
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.
Hi! I'm Adriana and I've been working for FreightCaviar as Head Writer for a little over a year now. Some of my favorite topics to cover are FreightTech, Green Freight, and nearshoring/reshoring.
The US labor market is showing signs of stabilization as the rate of voluntary job quitting approaches pre-pandemic levels and employers implement better retention strategies.
