Odd Lots: Trucking Is Booming and Drivers Aren’t Happy About It
In the last year, freight companies have seen a significant upturn in business. But in addition to growing demand, the industry has also experienced new constraints on the supply side, with the US administration cracking down on who is even allowed on the road. Reed Loustalot, chief marketing officer at the Truck Parking Club, joins Tracy Alloway and Joe Weisenthal on the Odd Lots podcast to…
Freight companies have witnessed a substantial surge in business over the past year. Volumes and billing have both increased. The administration has imposed stricter regulations on who is permitted to operate on the roads, exacerbating supply constraints. Trucking, a cyclical industry, is experiencing a boom unlike previous ones.
Despite the growth, many drivers are dissatisfied with the industry's current state. Reed Loustalot, chief marketing officer at the Truck Parking Club, joined the conversation to discuss the crackdown on supply side operations, the increase in surveillance, and a recent Supreme Court ruling that could limit capacity even more.
Written by urgent.news from Bloomberg's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
