News / Smaller US truckers forced out as haulage spot market hits 'critical point'

The constant pain in the US trucking market is forcing more players out of the business and is spreading from owner-operators to larger outfits.

Truckstop, a major freight matching service, and Bloomberg Intelligence have conducted a survey of smaller operators, and the results show slumping rates and increased costs have brought the spot market, on which these players predominantly focus, close to a “critical point”.

However, the report expresses optimism that rates are close to bottoming-out and poised to rise – but ...