Reported 15 days ago
In a recent letter, Triumph Financial CEO Aaron Graft discussed the unexpected endurance of owner operators in the trucking industry, citing lower fixed costs and the ability to pivot between jobs as key advantages. While owner operator invoice amounts have risen, fleet invoices have seen a decline, suggesting a self-regulating market. Challenges remain for smaller carriers, yet many have persevered longer than anticipated, amid government actions possibly tightening trucking capacity, which could influence future market stability.
Source: YAHOO