Trucking Is Booming Again, And Drivers Aren't Happy About It
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
See omnystudio.com/listener for privacy information.
More description
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
See omnystudio.com/listener for privacy information.
Listen elsewhere
Available Results
Generated results are saved to your library for reuse and search.