For years, the mantra in the trucking industry is that it needs to change significantly in order to provide enough trucking capacity to move all the freight. And while “the end of the world is near” mentality has probably been overblown, we can finally see the seeds of significant change being sewn.
Since deregulation, trucking had been the “shock absorber” in the supply chain. We have enabled logistics costs to be reduced significantly over the last three decades, which has been a great driver of economic growth and competitiveness for the American economy. And that’s largely a good thing, when you consider the vast expanse of the United States and immense size of our economy. However, that shock absorber is worn out and in need of replacement.