Reported about 8 hours ago
The latest CSCMP 'State of Logistics Report' reveals that the trucking industry is grappling with high logistics costs, stagnant rates, and ongoing capacity issues despite hopes for recovery. Small carriers are advised to focus on financial sustainability, careful expansion, and monitoring market signals such as tender rejections. Alongside, significant legal troubles arise from a Ponzi scheme within the trucking sector and regulatory backtracking on safety standards, emphasizing the need for vigilance in operational integrity. The industry faces both challenges and opportunities as it navigates through these turbulent times.
Source: YAHOO