Reported about 5 hours ago
Used truck sales have surged by 29%, driven mainly by existing fleets rather than new entrants, indicating a potential market consolidation rather than a recovery. While some might view the increase as a sign of industry confidence, the underlying freight fundamentals show that many carriers are exiting the market, and larger, established fleets are acquiring trucks from struggling smaller operations. This situation doesn't reflect health in the market; instead, it suggests careful expansion amidst ongoing fragility and competition.
Source: YAHOO