Overdrive: Is a ‘trucking bloodbath’ on the way for owner-ops as rates soften against record-high diesel?
Coming out of the pandemic, spot freight markets presented drivers with some of the best conditions in trucking's century-old and turbulent history, but as spot rates have softened for vans and reefers and diesel prices remain very high in recent weeks, some in trucking media are predicting a "trucking bloodbath" and a wave of bankruptcies to hit smaller, newer trucking companies.
Forbes: What Is The Bullwhip Effect And How Can We Prevent It Next Time?
Whenever the popular media begins paying significant, or even obsessive, attention to an economic or business issue, you can bet it is a lagging, rather than leading, indicator of a critical problem that may have a global impact.