A year ago this time, it is fair to say that the trucking sector was running strongly on all cylinders, buoyed by very strong economic fundamentals, a high level of consumer confidence, and tight capacity, which helped drive rate growth. But fast forward a year later, and it is clear that the tables have turned on myriad fronts, with capacity looser, especially for this time of year on the truckload side, with rates viewed as fair when compared to 2018.
Source: logistics Mgmt
What a difference a year makes in trucking
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