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

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

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

America's $800 billion trucking industry is getting hit by a downturn right now, and it's hitting everyone from UPS and FedEx to independent truckers.

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.

 

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

With every one sending parcels to every one

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 NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines