The trucking industry has gone through, and continues to go through, some of the most difficult times since the Motor Carrier Regulatory Reform and Modernization Act of 1980. There are five key events that are occurring simultaneously: skyrocketing fuel prices, major reductions in economic activity, massively changing supply chains, falling US dollar, significant pockets of debt secured by trucking assets.
The rapid increases in the price for fuel can have been causing a delayed and devastating effect on freight management companies. With the sudden fall of fuel cost, it could result in short-term boosts in profit and a surge of competition within the market to provide consumers with the lowest price.
The rapid increases in the price for fuel can have been causing a delayed and devastating effect on freight management companies. With the sudden fall of fuel cost, it could result in short-term boosts in profit and a surge of competition within the market to provide consumers with the lowest price.