Why is the trucking industry so slow 2022?
Experts warn that the truckload freight market is headed for trouble in 2022. This spring, rising inflation, skyrocketing fuel prices, and drastic changes in consumer spending are conspiring against owner-operators, cutting deep into already razor-thin profit margins.
Why are so many truckers quitting?
Many truckers are quitting because of low pay combined with difficult working conditions. Truck drivers can spend days at a time behind the wheel of their truck, spending nights in gas station parking lots, or even on the side of the road.
Why are trucking rates going down?
While freight rates have also fallen due to the easing in supply chain disruptions that were built up over the pandemic, a lot of the slowdown in container and vessel demand was due to weaker cargo movement, according to the research group.