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A freight windfall hints that the trucking 'bloodbath' may let up

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Aug 25, 2019 at 07:29 AM CST
Truckers like Lexington, Kentucky-based owner-operator Chad Boblett said truckers have suffered "a bloodbath" in 2019. This year alone, some 2,500 truck drivers have lost their jobs as trucking companies large and small declare bankruptcy. Major carriers like J.B. Hunt, Knight-Swift, and Schneider have been forced to cut their annual outlooks. The rate sentiment among industry leaders dipped to recession-level lows in July, according to a Morgan Stanley survey.

Aug 25, 2019 at 07:29 AM CST

Truckers like Lexington, Kentucky-based owner-operator Chad Boblett said truckers have suffered "a bloodbath" in 2019.

This year alone, some 2,500 truck drivers have lost their jobs as trucking companies large and small declare bankruptcy. Major carriers like J.B. Hunt, Knight-Swift, and Schneider have been forced to cut their annual outlooks. The rate sentiment among industry leaders dipped to recession-level lows in July, according to a Morgan Stanley survey.