Reported about 9 hours ago
The trucking industry is facing a significant downturn, primarily due to tariffs affecting imports from countries like China. As tariffs increase costs, manufacturers delay shipments or cancel orders, leading to a decrease in available freight for small carriers who rely on the spot market. With freight volumes shrinking and competition intensifying, small fleets may find it increasingly difficult to remain profitable as they struggle against overcapacity and reduced demand during an already weak economic landscape.
Source: YAHOO