freight recession

Viewpoint: ‘As I See It’ from the Trucking Activist – Freight recession?

Mr. Craig Fuller, CEO at FreightWaves, is not only pontificating the next freight rate recession, but likes to reiterate his past predictions, and the accuracy of those predictions. I believe his analysis has some credibility, but it does not point to a freight recession.

He states in his April 1 post “About that driver shortage” that there has been a large decline of the rejection rate over the past six to seven weeks, I agree. He feels the load-to-truck ratios are starting to decline in the...

https://www.freightwaves.com/news/viewpoint-as-i-see-it-from-the-trucking-activist-freight-recession

Shuttered California carrier files for bankruptcy

Terrill Transportation files Chapter 7 bankruptcy petition

A California-based trucking and warehousing company, forced to cease operations more than a year ago, recently filed for Chapter 7 liquidation.

In July 2019, Terrill Transportation Inc. of Livermore, California, abruptly closed its doors amid a brutal freight recession that forced several carriers to shut down.

At the time of its closure, Terrill Transportation, which also operated a warehousing distribution business, had 30 power units and 36 company drivers, according to the Federal Motor...

https://s29755.pcdn.co/news/shuttered-california-carrier-files-for-bankruptcy

Freight, economy may not rebound in lockstep post-pandemic, report says

A study by consultancy McKinsey & Co. looking at recessions over a 30-year period suggests there is no guarantee U.S. freight activity will track with overall economic upturns after a recession, and that “no natural law” mandates a relationship between freight patterns and post-recession rebounds.

The findings, published last Thursday, are a cautionary tale for those who assume freight is destined to expand in concert with any economic recovery from the COVID-19 pandemic. In its report, US...

https://s29755.pcdn.co/news/freight-economy-may-not-rebound-in-lockstep-post-pandemic-report-says

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