There are so many ‘forecasts’ and ‘expert projections’ that the US economic recession is coming to an end, but the trucking industry is still feeling the pinch. In April, truck tonnage hit its lowest level since November 2001, right after the 9/11 terrorist attacks, according to the American Trucking Associations. And carriers and shippers say freight rates continue to drop as a result of weak demand and overcapacity in the trucking industry. Unfortunately, there’s no immediate end in sight.
The entire transportation industry will remain competitive until the recession declines and our economy gets back to the norm. Until then, trucking companies are doing their best to stay in the game with better cost management and smart business practices.
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