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Craig Fuller - The Impending Freight Recession

The Business Brew

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The Driver Shortage in the Trucking Industry

There's a hundred and 70 thousand new trucks and drivers, we call t dispatch or capacity, that have entered the market over the past, really, two years. So it's the largest number of new trucking companies have had joined the freight market as well as the largest amount of trucking for higher capacity in history has join the freight market. But what happens is that expansion continues to take place because there are still high spot rates. And so what ends up happening is fleets will continue to add up their fleet at the same time which means they're going to need more workers.

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