U.S. Truckers Enjoy Demand Surge But ‘Scary’ Shakeout Looms
- Cargo rates rise as shippers restock food, water, toilet paper
- Temporary strength to take steep downturn in April and May
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U.S. trucking companies are riding a surge in cargo demand from consumers stockpiling basic goods, but it probably won’t last long.
Shipping has picked up pace as the rest of the country shuts down to help control the spread of the coronavirus. Trucks are rolling down traffic-free highways and arriving at distributions centers where workers unload pallets and packages in an eerily empty landscape of closed-down schools, office buildings and malls.