Odd Lots

We're In the Midst of Trucking Bloodbath 2.0

May 19, 2023

Craig Fuller, Founder and CEO of FreightWaves, and Rachel Premack, its Editorial Director, delve into the stark shifts in the trucking industry. They discuss how the boom of a few years ago has led to a severe downturn, with prices collapsing and conditions mirroring the economic strain of 2019. The conversation highlights the critical driver shortage fueled by the pandemic, the challenges of overcapacity, and the complexities of freight brokering, painting a vivid picture of an industry grappling with both operational hurdles and economic predictions.

47:55

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Episode guests

Rachel Premack

Craig Fuller

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Episode notes

Intro

2min

Trucking Industry Dynamics: A Cycle of Change

11min

Driver Shortages and Economic Strains in Trucking

5min

Trucking Industry Dynamics

5min

Trucking Challenges and Freight Brokerage Dynamics

16min

The Evolution of Freight Brokering and Financial Services

2min

Navigating Load Fraud in Trucking

8min

Navigating the Challenges in the Trucking Industry

3min

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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