Trucking Is Booming Again, And Drivers Aren't Happy About It
In the last year, freight companies have seen a significant upturn in the business. Volumes are up. Billing is up. And in addition to growing demand, we've also seen new constraints on the supply side, with the administration cracking down on who is even allowed on the road. As we know, trucking is an especially cyclical industry, but is this current boom structurally different from past booms?…
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.
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