Trucking News: Hundreds of US trucking companies have failed so far this year, more still to come

[Mike]

Trucking companies are failing at a fast clip so far this year – about double the rate experienced in 2018.

Donald Broughton, principal and managing partner of data firm Broughton Capital, told FOX Business that in the first half of 2019, 640 trucking companies failed. That means more than 20,000 trucks have been pulled from the road.

In 2018, 310 companies failed total.

Hundreds of US trucking companies have failed so far this year, more still to come

Closures have left thousands of drivers jobless.

www.foxbusiness.com

 

[Mike]

640 have failed, yet we still have a big net positive in trucking company startups. And yes, more failings to come as the thousands who blindly jumped in during 2018 are getting a wakeup call by a dose of reality.

Link has a video from one of our heroes at the ATA. Appears clueless, as usual. We are at historically high rates when you take out the 2018 fluke, yet this guy is talking about a "trucking recession" while at the same time talking about driving shortages and driver pay/benefits on the rise.