Understanding the Trucking Industry's Ups and Downs

In recent years, the trucking industry in North America has experienced unprecedented changes - from a massive boom driven by the pandemic to the challenges of a freight recession. Dive deep into the intricacies of the industry's evolution, the impacts of global events like Russia's invasion of Ukraine, and the subsequent rise in fuel prices. With a surge in new trucking companies during the pandemic's peak, many are now grappling with the reality of reduced demand and higher operating costs.

In this video:

Discover why trucking was one of the most lucrative businesses in 2020 and 2021.
Understand the reasons behind the dramatic increase in newly registered trucking companies.
Learn about the industry's current state, marked by dwindling freight and increasing operational challenges.
Explore the strategic shift of businesses from asset-based trucking to non-asset-based models like freight brokerage.
Is now the ideal time to venture into the trucking or freight brokerage business? While the path ahead is uncertain, resilience, planning, and adaptability can pave the way for success. Join us as we delve into these timely insights, shedding light on the trucking industry's current landscape and potential future.

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