A major trucking company just slashed 10% of its workforce — and it shows the trucking 'bloodbath' isn't over

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Massive trucker Roadrunner is eliminating 450 jobs, and it shows that the trucking 'bloodbath' hasn't slowed down.

The trucking industry has seen a downturn in 2019 — with thousands of job losses and hundreds of bankruptcies. Truck drivers including Kentucky-based Chad Boblett have called the conditions a"bloodbath." Freight volumes ticked up this summer, possibly indicating that the worst is over. But the rate downturn in the spot and contract markets is still hitting even large trucking companies.

The trucking industry has seen a downturn in 2019 — with thousands of job losses and hundreds of bankruptcies. Truck drivers including Kentucky-based Chad Boblett have called the conditions a"bloodbath." Freight volumes ticked up this summer, possibly indicating that the worst is over. But the rate downturn in the spot and contract markets is still hitting even large trucking companies.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

LizAnnSonders Autonomous trucks coming....

Its the begining

Autonomous trucks will be more disruptive to the global economy than smartphones

GoogleAndrewYang ISupportYang

Truckers for Trump ! Yayyyy MotherTruckers WomenTruckers

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in CA

Canada Canada Latest News, Canada Canada Headlines