So that U-turn was fast, even for the legendarily cyclical trucking business.
But freight rates remain red hot.
For the majority, pay has remained flat or has fallen over the past year.
This is a very cyclical business.
But no letup in freight rates yet.
But the cost of shipping surges, no holds barred.
It’s cyclical: When will the biggest-ever boom end?
“It is a bizarre occurrence and it will not be resolved soon.”
“Many modes are reporting limited capacity or no capacity at any price that shippers are willing to pay.”