Trucking Industry Faces Ongoing Downturn in Freight Cycle, Balanced by Positive Destocking Trends Amid Low Demand

SalesMoney Matters
Written By Jennifer Joslyn

The trucking industry experiences an ongoing freight cycle downturn, although positive de-stocking trends have provided some balance amid low demand. The rate of price erosion and demand decrease has slowed, indicating a shift away from the peak decline. However, industry experts suggest that until there is a significant improvement in demand, pricing will continue to decline, potentially leading to more fleet closures. The transformation phase continues as the industry adapts to changes in consumer behavior, technology, and supply chain operations brought on by the pandemic.

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Jennifer Joslyn
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