Comparing Trucking in February to March 2024: Market, Bankruptcies, and Bad Decisions
There is NO DOUBT that the trucking industry and freight market got worse from February to March on a general level, and of course that outs pressure on the majority of trucking industry professionals. We saw, again, a ton of bankruptcies and layoffs this month, but is there a pattern of what is going wrong? Yes there is, let’s discuss it.
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References:
https://www.freightwaves.com/news/virginia-logistics-company-files-for-chapter-7-bankruptcy
https://www.freightwaves.com/news/illinois-trucking-company-with-171-drivers-files-for-bankruptcy
https://www.freightwaves.com/news/flock-reports-layoffs-path-to-profitability
https://www.freightwaves.com/news/shuttered-california-trucking-company-files-for-bankruptcy
https://www.freightwaves.com/news/ups-to-close-200-sort-centers-in-modernization-push
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