Economy, Tariff War Push U.S. Trucking Industry to the Brink

President Trump enjoys sitting behind the wheel of a big rig  as he welcomes truckers to the White House March 2017. (Jim Watson/AFP/Getty Images).

By    |   Tuesday, 01 October 2019 12:51 PM EDT ET

Battered by the double whammy of softening demand and the trade war with China, trucking companies are going out of business in record numbers – an ominous sign for the entire U.S. economy.

In just the first half of 2019, over 640 trucking firms went belly up according to Donald Broughton, managing partner of data firm Broughton Capital, a leading transportation-sector analyst.

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Battered by the double whammy of softening demand and the trade war with China, trucking companies are going out of business in record numbers - an ominous sign for the entire U.S. economy.In just the first half of 2019, over 640 trucking firms went belly up according to...
trucking industry, cargo transport, big rigs, interstate commerce, shipping industry
1011
2019-51-01
Tuesday, 01 October 2019 12:51 PM
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