We're In the Midst of Trucking Bloodbath 2.0
Odd Lots
Bloomberg
4.4 • 1.6K Ratings
🗓️ 19 May 2023
⏱️ 52 minutes
🧾️ Download transcript
Summary
A couple of years ago, it was an amazing time to have a truck or be a trucker. The goods economy was absolutely booming. Prices were booming. Supply chains were broken. Everyone wanted access to more freight. Fast forward to spring 2023 and the situation couldn't be more different. Prices have collapsed and the environment is now as bad for carriers as it was during 2019, which was a horrible year for the industry. In fact, conditions now might even be as bad as they were during the Great Recession. On this episode of the podcast, we speak with Craig Fuller, the founder and CEO of FreightWaves, and Rachel Premack, editorial director for FreightWaves, about the state of trucking, what the market says about the broader economy, and what it will take to turn the industry around.
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Transcript
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