Freight Recession Survival Guide
Description
The trucking industry is currently stuck in a deep freight recession, and it's impacting everyone from drivers to carriers. In this episode, Andrew offers insights on how to survive this challenging period. He discusses the causes of the recession, including the lingering effects of the pandemic and an oversupply of trucks, and predicts that recovery may be a slow process.
Learn practical strategies for both company drivers and owner-operators to navigate these tough times, such as diversifying, focusing on operational efficiency, strengthening relationships, and reducing costs.
Takeaways
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The freight recession is one of the longest we've seen.
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There is an imbalance between the number of trucks and available freight.
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Regulatory changes could push some drivers out of the industry.
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The industry may see more acquisitions in the near future.
Check us out at Chief Carriers for career opportunities in trucking.
This podcast is produced by Two Brothers Creative 2024.
United States
