Trucking Industry profitability and earning where pushed to the historic minimums over the last year and it has been harder than ever for trucking companies to stay in business and make some money.
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The pressure on profit came from a lot of different sides: truck insurance price went up, average load prices went down, it was very hard to find a load… The reasons just keep up coming making it extremely hard to stay in business. Unfortunately a lot of trucking companies didn’t survive last 18 months and for those that stayed we created this IG to present the reason of the profits going down in trucking industry.
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Source: Fueloyal