The trucking industry is highly cyclical, and each cycle has its own challenges. In the past few years, demand has been high due to challenges related to the many shutdowns during the COVID-19 pandemic and, more recently, the driver shortage.
However, while freight demand is still present, the industry is seeing a softening. But according to Spencer Hennigar, vice president of sales at Convoy, this particular softening demand cycle has proved to be a little different from those in the past.
“One...
https://www.freightwaves.com/news/the-benefits-of-transparency-and-technology-in-a-softening-market