The U.S. economy is likely in the midst of its deepest recession since the end of World War II, when modern records that tracked the nation’s gross domestic product and unemployment rates were standardized.
The stories from owner-operators about low freight rates abound.
CNBC’s Frank Holland reports that small truck companies may face bankruptcy without government aid.
Supply chain operations were just returning to normal in 2019, after a turbulent, two-year period of rising rates and intermittent capacity shortages. Then along came the coronavirus outbreak, and everything changed.
Lockdowns to stem the spread of COVID-19 are reducing loads for truckers as well as the rates they are paid.
Truck drivers are facing steeply declining pay rates in the wake of this pandemic. The drivers running their own business are facing the worst of it.
Truck tonnage rose 4.3% year-over-year in March on gains in selected business sectors, according to American Trucking Associations.
Small operators critical to supply chains are heavily exposed to a deepening downturn
In Georgia, all manufacturers have been touched in some way by the coronavirus pandemic that is spreading across the globe.
DAT Solutions announced today that Trinity Logistics, one of the industry’s leading third-party logistics providers, is piloting DAT’s truckload rate forecasting tools and automated “Book Now” option for select loads on the DAT Load Board network.