Odd LotsOdd Lots

Trucking Is Booming Again, And Drivers Aren't Happy About It

View descriptionShare
 

In the last year, freight companies have seen a significant upturn in the business. Volumes are up. Billing is up. And in addition to growing demand, we've also seen new constraints on the supply side, with the administration cracking down on who is even allowed on the road. As we know, trucking is an especially cyclical industry, but is this current boom structurally different from past booms? Why is it that despite the boom, many of today's drivers are unhappy with the state of the industry? On this episode, we speak with Reed Loustalot, the chief marketing officer at the the Truck Parking Club, a company which aims to help drivers find parking, so that they're not using up valuable road hours just looking for a place to stop for the night. We talk about the crackdown on the supply side of the market, the rise of surveillance, and how a recent Supreme Court ruling could impair capacity even further.

Read more:
Ship Pays $4 Million to Skip Line to Cross Panama Canal
Trucking Stocks Fall on Legal Risk in Worst Month Since Tariffs

Only http://Bloomberg.com subscribers can get the Odd Lots newsletter in their inbox each week, plus unlimited access to the site and app. Subscribe at  bloomberg.com/subscriptions/oddlots

Subscribe to the Odd Lots Newsletter
Join the conversation: discord.gg/oddlots

 
  • Facebook
  • X (Twitter)
  • WhatsApp
  • Email
  • Download

In 1 playlist(s)

Odd Lots

On Bloomberg’s Odd Lots podcast Joe Weisenthal and Tracy Alloway explore the most interesting topics 
Social links
Follow podcast
Recent clips
Browse 1,256 clip(s)