News / More casualties expected, with US trucking on a 'road of pain'

The collapse of Yellow Freight, the third-largest operator on the US less-than-truckload scene, hit headlines beyond the industry, but meanwhile devastation generally is playing out across the truckload sector – with the worst yet to come.

Since last year, a rising number of truckers have gone out of business as demand shrank, costs surged and worsening overcapacity pushed rates down.

Although some observers and players have predicted the imminent bottoming-out of the market, in recent weeks the downward trend has continued. According to ...