We're In the Midst of Trucking Bloodbath 2.0

2023-05-19 · 48 min · 12 entities

episode page audio

Asserted relationships

→ discusses Business concept

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evidence rules-v4
Feed category: Business
→ discusses News concept

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evidence rules-v4
Feed category: News
→ discusses Investing concept

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evidence rules-v4
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→ discusses News Commentary concept

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→ hosted by Bloomberg company

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Feed author/publisher: Bloomberg
→ discusses Business News concept

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evidence rules-v4
Feed category: Business News

Entities found in this episode

concepts 9

mentioned Business concept

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evidence rules-v4
Feed category: Business
mentioned Investing concept

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evidence rules-v4
Feed category: Investing
mentioned News Commentary concept

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evidence rules-v4
Feed category: News Commentary
mentioned Business News concept

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evidence rules-v4
Feed category: Business News
discusses Business concept

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evidence rules-v4
Feed category: Business
discusses News concept

0.40

evidence rules-v4
Feed category: News
discusses Investing concept

0.40

evidence rules-v4
Feed category: Investing
discusses News Commentary concept

0.40

evidence rules-v4
Feed category: News Commentary
discusses Business News concept

0.40

evidence rules-v4
Feed category: Business News

companys 3

mentioned Bloomberg company

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evidence rules-v4
Feed author/publisher: Bloomberg
mentioned FreightWaves company

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CEO of FreightWaves
hosted by Bloomberg company

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evidence rules-v4
Feed author/publisher: Bloomberg

Episode description as stored

A couple of years ago, it was an amazing time to have a truck or be a trucker. The goods economy was absolutely booming. Prices were booming. Supply chains were broken. Everyone wanted access to more freight. Fast forward to spring 2023 and the situation couldn't be more different. Prices have collapsed and the environment is now as bad for carriers as it was during 2019, which was a horrible year for the industry. In fact, conditions now might even be as bad as they were during the Great Recession. On this episode of the podcast, we speak with Craig Fuller, the founder and CEO of FreightWaves, and Rachel Premack, editorial director for FreightWaves, about the state of trucking, what the market says about the broader economy, and what it will take to turn the industry around. See omnystudio.com/listener for privacy information.