Freight trucking rates are still declining

SalesMoney Matters
Written By Jennifer Joslyn

🚛 Freight trucking rates are still declining.

A decline in freight trucking rates generally means that the demand for trucking services is weaker than the supply of available trucking capacity. This can happen for a variety of reasons, such as a slowdown in economic activity, increased competition among trucking companies, or a surplus of new trucking equipment coming into the market. When freight trucking rates decline, it can be a sign of a weaker economy and it can put pressure on trucking companies to cut costs and reduce prices in order to compete for business. This can lead to a decline in profitability for trucking companies and can cause some to go out of business.

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Transportation management tools are invaluable, especially when it comes to a freight audit
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Jennifer Joslyn
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