US Trucking Industry Under Siege, Faces Many Challenges, Including Amazon
January 9, 2020
Last year was a bad period for the U.S. trucking industry: At least 795 trucking companies failed, about double the number of bankruptcies in the prior year, and shipping capacity was reduced by 24,000 trucks.
Some of the most prominent bankruptcies, including Celadon Group, New England Motor Freight, HVH Transportation, Falcon Transport and LME, were largely caused by overcapacity in the market, triggered by falling demand and lower prices.