Carriers find themselves in a hard place: The operating costs are increasing as the market for their services diminishes.
With rising fuel costs sinking truckload spot rates, carriers are seeing their margins disappear before their eyes. In fact, gaining an advantage in any aspect seems nearly impossible. In the market to buy a truck? Think again.
In July 2020, $54,000 would buy you a 3-year-old used truck, but not anymore. You’ll now have to fork over $140,000 today, according to ACT Research.
https://www.freightwaves.com/news/amid-high-costs-carriers-can-find-ways-to-do-more-with-less