Management from Knight-Swift Transportation said Thursday that a tipping point for the truckload market is close.
“It feels like the extreme aggressiveness that we have seen out of non-asset-based players has reached a level to where it’s not only unsustainable, but when you add how expensive financing is … it blows up,” President and CEO Dave Jackson told analysts on a conference call.
The comments followed an announcement earlier in the day that financially distressed digital broker Convoy was...
https://www.freightwaves.com/news/knight-swift-sees-inflection-coming-q3-beats-lowered-expectations