The freight industry is finding itself navigating through turbulent waters that experts characterize as among the most challenging periods in the sector’s history.
Industry economists estimate that the market could eliminate as many as 600,000 active drivers, according to price reporting agency FreightWaves. The U.S. Bank Freight Payment Index – a measurement of quantitative changes in freight shipments and spending activity – had just reversed its short-lived Q2 improvement in the next quarter.
