Who wants to own a trucking company?

Feb 10, 2022 at 09:45 AM CST
Over the last four decades, trucking capacity was generally plentiful and retailers were more than happy to outsource it, explained Gary Petty, president of the National Private Truck Council (NPTC). Freight rates were low and there was no shortage of “bottom-feeder carriers” willing to haul items cheaply. “Companies could pick and choose from carriers,” Petty told Modern Shipper. “[As a result] transportation generally just sort of fell off the focus of corporate America, so outsourcing became the buzzword. In the last five years, and especially since COVID, what we are seeing is corporations have elevated transportation to a higher level of [importance].”

Feb 10, 2022 at 09:45 AM CST

Over the last four decades, trucking capacity was generally plentiful and retailers were more than happy to outsource it, explained Gary Petty, president of the National Private Truck Council (NPTC). Freight rates were low and there was no shortage of “bottom-feeder carriers” willing to haul items cheaply. “Companies could pick and choose from carriers,” Petty told Modern Shipper. “[As a result] transportation generally just sort of fell off the focus of corporate America, so outsourcing became the buzzword. In the last five years, and especially since COVID, what we are seeing is corporations have elevated transportation to a higher level of [importance].”