Here is Craig Fuller the founder of FreightWaves:
Trucking market conditions are soft, but with imports and exports collapsing, the industry is in for a very rough season in coming months. The winds are picking up, but the hurricane is still offshore.Two of our American customers devastated by the tariffs gave up and sold themselves to their Chinese factories in the last week.
He has also warned that thousands, and then millions, of American small businesses, including many iconic brands, will go bankrupt this year if the tariff policies on China don’t change.
Earlier this week I highlighted the crash in forward freight bookings.
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