Truckers are warning of a 'bloodbath' as trucking companies go bankrupt or slash their profit expectations

Truck drivers are warning of a"bloodbath" in their industry as factory activity sinks. Freight rates have dipped year-over-year for six months straight. Meanwhile, trucking companies have slashed their expectations for this year. Some smaller outposts have gone bankrupt. Visit Business Insider's homepage for more stories. 2019 has been rocky for the $800 billion trucking industry.

Truck drivers are warning of a"bloodbath" in their industry as factory activity sinks. Freight rates have dipped year-over-year for six months straight. Meanwhile, trucking companies have slashed their expectations for this year. Some smaller outposts have gone bankrupt. Visit Business Insider's homepage for more stories. 2019 has been rocky for the $800 billion trucking industry.

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Source: CNBC - 🏆 12. / 72 Read more »