What the truck is going on?
Trucking bankruptcies have been a hot topic over the past year, with several larger carriers such as New England Motor Freight, Falcon Transport, and Celadon ceasing operations and in some cases stranding drivers out on the road. In addition to these larger carriers, every week there seems to be another longstanding carrier with 30-plus years in business deciding that the business just wasn’t worth it anymore. What is going on and what do things look like moving forward?