Freight carriers across the world experienced dramatic market shifts and volume swings in 2020.
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USMCA Bodes Well for Cross-Border Freight
Both the improved trade activity and a promising future for the USMCA are favorable developments for trucking because 80% of cross-border trade moves via truck.
Truck Orders Slow to Crawl Amid Pandemic
Market uncertainty due to the effects of COVID-19 has depressed demand for new trucking equipment, with new Class 8 truck orders sinking to a 25-year low.
One Small Fleet’s Role in the COVID-19 Response
Boyle Transportation, which has been hauling medical supplies and equipment during the pandemic, is among the many small trucking companies that have played a direct role in the nation’s response to COVID-19.
Pandemic Exacts Heavy Financial Toll on Trucking Companies
COVID-19 has delivered a powerful shock to the economy and freight transportation, creating significant financial challenges for many trucking companies.