Freight sector flashes warning sign
"A suite of factors combined in 2018 to goose the freight market to record levels, from customers stocking up before tariffs took effect to new governmental regulation mandating electronic logging devices. Trucking companies across the country hired drivers and added trucks to meet the surge.
Kiswani is vice president at Kiswani National, a South Holland trucking company with nearly $30 million in revenue and 200 employees, 150 of them drivers. Around mid-February, the company saw volume drop, which was normal. But the flood of holiday merchandise that should have arrived by now hasn't materialized, which isn't. Drivers have been working just three or four days per week since March."
- Crain's Chicago Business