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Major tech changes will hurt the for-hire trucking market within the next decade

Jul 02, 2018 at 09:13 AM CST
In the next decade, three major technological disruptions will drastically shrink demand for for-hire trucking services. Nearly 20% of for-hire truckload freight is at risk, putting the trucking industry at risk of experiencing one of the most drastic freight-demand declines in history, matched only by the great recession (Cass Freight Index showed a 20% volume decline between summer 2008 and summer 2009, according to SONAR).