Odd Lots We're In the Midst of Trucking Bloodbath 2.0
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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.
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Trucking Cycle
- Trucking is a cyclical industry prone to booms and busts.
- Overcapacity follows periods of high demand, leading to price collapses.
Barriers to Entry
- Low barriers to entry in trucking contribute to cyclicality.
- Easy access to financing and the perceived driver shortage lead to overcapacity.
Impact on Small Carriers
- Smaller trucking companies bought trucks at inflated prices during the boom.
- Now, they struggle with high costs and low demand.