Reported 6 months ago
The freight industry is discussing an upcoming market shift as high-frequency data indicates the easing of the ongoing freight recession but a slow climb back to prosperity for carriers due to an oversaturated market and challenging economic conditions. Carriers are struggling with rising insurance costs, increasing equipment expenses, strict government regulations, difficulty finding safe parking, and a shortage of secure parking options, leading to lost revenue and safety concerns. To combat these challenges, carriers are expanding their networks and handling more loads per month.
Source: YAHOO