Why A Trucker Strike Wont Solve Low Freight Rates

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Is it time for truckers to go on strike In this episode we navigate the turbulent waters of the trucking industry exploring the factors driving the current recession and the calls for a strike We break down the impact of COVID-19 the influx of new drivers flooding the market and the role of lenders in shaping the current landscape Pinpointing the challenges of a fragmented industry and the near impossibility of uniting independent truckers for a strike Offering a reality check emphasizing that the solution lies in the natural economic cycle where weaker carriers exit the market ultimately leading to a rebound in freight rates Takeaways The trucking industry is currently facing low freight rates COVID-19 caused a surge in demand for trucking services Many new carriers entered the market during the pandemic The influx of trucks has contributed to the current recession Check us out at Chief Carriers for career opportunities in trucking This podcast is produced by Two Brothers Creative 2024 Click here to visit this podcast episode