YRC's market share is down to about 17%
FedEx is ever 15%.....with plenty of capacity
Conway over 10% and growing
UPSF,OLd dominion,R&L,and plenty of others to take up the slack.......it's the nature of this industry,there will always be over capacity.
Not sure I agree with the statement that "there will always be over capacity". There wasn't over capacity 4 to 5 years ago when the economy was booming. Trucking companies couldn't hire enough competent drivers or get trucks delivered fast enough. The reason there is over capacity now is the
Great Recession and the anemic pace of growth of employment and of the general economy... If YRCW were to go down (not advocating for that at all, just making an observation) the market forces would dictate a rise in rates. This wouldn't necessarily be a boon to all the remaining carriers, since the ones that are not operating way below their capacity would incur the costs related to hiring and training new employees and acquiring new equipment. Some companies could do worse by trying to take on too much new freight without being ready. Losses from damages could skyrocket and service could suffer. People wishing for the demise of YRCW might want to be careful what they wish for...
Getting off soapbox now...