At the start of 2021, freight market demand was huge. Companies in supply chain and logistics were making massive hires. There was an average of six loads for every one truck, with load-to-truck ratios as high as 1:12, according to Nick Schrock, founder and CEO of Valoroo.
Now the market has softened. There are more potential sellers than buyers, putting downward pressure on prices. Consumer demand is also slowing due to inflation and the fear of an economic downturn.
https://www.freightwaves.com/news/5-ways-to-scale-your-company-in-a-down-market