In the latest episode of "The Freight Caviar Podcast", we sit down with Cameron Ramsdell, the CEO of Armstrong Transport Group. He discusses strategies for protecting your business against fraud and how he grew Armstrong by 60% in one year.
Despite a 4.9% Q3 economic boost in 2023, U.S. truckers struggle. 35,000 new trucking firms closed their doors by Sept. 30.
Matthew James Collins, an Ohio trucker, mirrors the trucking plight. A year ago, he hauled goods for four corporates. Now, only two clients remain. So, what's happening?
What's Driving the Trucking Meltdown?
Booming Consumerism: Thanks to a slowdown in inflation and the American's undying love for shopping, spending shot up.
Trucking Overcapacity: Post-pandemic saw a trucking boom, with trucking authorities surging from 255,000 in Jan 2020 to 363,000 now.
Rates Dip, Costs Rise: Average per-mile rates for fleets are down by 11.6% from 2022. Add soaring fuel, repair, and other expenses to the mix.
The Road Ahead Many believe the only way forward is a significant downsizing in trucking authorities. The current demand can't match the 2021 shopping spree, possibly a once-in-a-lifetime event.
Hi! I'm Adriana and I've been working for FreightCaviar as Head Writer for a little over a year now. Some of my favorite topics to cover are FreightTech, Green Freight, and nearshoring/reshoring.
North Carolina upgrades weigh stations with $5.8M tech boost. New systems include weigh-in-motion and license plate readers for improved safety and efficiency.
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