The Trucking Business Is Caught in a Doom Loop
Truckers are getting squeezed by rising costs and falling prices, and few are bold enough to venture a guess on when conditions might improve.
J.B. Hunt’s disappointing first-quarter results signal more pain is ahead for the truck market. One of the company’s tractor trailers is parked at a truck stop in Whiteland, Indiana in 2022.
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The trucking market remains mired in a doom loop of weak demand, slumping prices and rising costs, and no one’s willing to even venture a guess anymore on when conditions might finally improve.