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

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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.

 

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