The trucking industry is currently experiencing one of the most prolonged and severe downturns in its history. Known informally as the “Great Freight Recession,” the downturn began in March 2022 and continues to reshape the landscape of over-the-road freight transport. Excess Capacity Drives Collapse The root cause of the decline is widely attributed to significant […]
Trucking Industry Faces Historic Downturn Driven by Overcapacity and Workforce Challenges

