News / Warnings of a tough outlook as US trucker numbers show signs of decline

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After two years of rapid growth, the number of US trucking operators is set to shrink as a result of takeovers and strong financial headwinds for small operators.

And it could turn into a rout if spot rates continue the steep decline of recent months.

Since June 2020, trucking outfits mushroomed in the US as buoyant market conditions encouraged more and more drivers to quit their jobs and strike out on their own. As the number of owner-operators soared, in their wake ...