Trucking bankruptcies not as ‘catastrophic’ as expected; freight demand ‘shaping up’

Jun 11, 2020 at 12:44 PM CST
Through April, the number of companies that have ceased operations and reduced the number of trucks on the road has risen, but the decline in capacity has not been “as significant as the collapse in demand,” Broughton said. This may come as welcome news for shippers that might be concerned about truck pricing increases this fall, the article shows. Shipper demand has become stable for those transporting essential goods, and they are shipping more than in previous years. Other shippers are starting to transport goods again after being shut down in March and April.

Jun 11, 2020 at 12:44 PM CST

Through April, the number of companies that have ceased operations and reduced the number of trucks on the road has risen, but the decline in capacity has not been “as significant as the collapse in demand,” Broughton said. This may come as welcome news for shippers that might be concerned about truck pricing increases this fall, the article shows. Shipper demand has become stable for those transporting essential goods, and they are shipping more than in previous years. Other shippers are starting to transport goods again after being shut down in March and April.