The trucking industry has always been cyclical, but recent years have brought unprecedented challenges. The post-COVID era saw a perfect storm that led to extreme swings in freight demand, forcing many trucking companies to close their doors. The situation has only worsened as trucking rates have plummeted back to pre-COVID levels, leaving companies with inflated costs and debt burdens.
The current landscapeThe trucking industry’s boom during the height of the pandemic was unsustainable. High...