May 12, 2017 at 08:29 AM CST
A glut of used big rigs is weighing down trucking companies already mired in a prolonged slump in the freight market.
Many fleets bought scores of new trucks when transportation demand was booming a few years ago. Then U.S. manufacturing activity flagged and import growth slowed as retailers rang up disappointing sales. Freight volumes started stalling out in late 2015, leaving too many trucks competing for cargo.