The collapse of Yellow Freight, the third-largest operator on the US less-than-truckload scene, hit headlines beyond the industry, but meanwhile devastation generally is playing out across the truckload sector – with the worst yet to come.
Since last year, a rising number of truckers have gone out of business as demand shrank, costs surged and worsening overcapacity pushed rates down.
Although some observers and players have predicted the imminent bottoming-out of the …
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