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Trucker of 32 years warns the industry is on the verge of collapse

As you know, I have been in trucking for 32 years, and I was just reading an article you posted about trucking.

That article is 95% spot on. Although, I think the economy isn’t entirely to blame. When the ELD mandate kicked in, it caused a dramatic slow down and in turn a capacity problem. There were not enough trucks to cover all the freight of a growing economy, that drove rates to an all time high.

The response was that companies and owner operators expanded substantially. Every one bought loads of new equipment. Too much to fast. (one of my customers added 10,000 trailers last year, this year, they are only replacing older ones, with the expectaion of about 3000 trailers) Now, we have the opposite problem, way too many trucks.

CONTINUE @ SQ