Reported about 14 hours ago
The freight industry is facing the potential loss of 600,000 active drivers due to declining freight volumes and new regulatory changes, marking what could be the largest capacity purge in trucking history. Experts anticipate numerous bankruptcies among carriers and brokers as financial pressures mount, while larger firms may benefit from the market correction that favors established operators. This shift is expected to result in higher pay and bonuses for drivers amidst a scarcity of qualified personnel, leading to a market that operates with traditional supply and demand principles.
Source: YAHOO