US trucking industry on the verge of freight-tech revolution

© Julian Peters

For those of us outside, the size of North America’s haulage sector never ceases to amaze – it is currently worth $875bn a year, involves around 2m trucking operators serviced by more than 17,000 freight brokerage firms. But an inventory glut combined with fears that consumer demand may be falling is leading to a weaker freight rate environment and ousting many under-pressure participants. And none more so than in the freight brokerage segment, according to this Bloomberg report, which suggests ...