The Trucking Industry Slowdown of 2023-2024

The trucking recession of 2023-2024 had far-reaching consequences beyond the industry. For example, the reduced demand for goods resulted in lower GDP, which led to the loss of jobs and reduced revenues for businesses. The trucking industry is a vital cog in the economy, and when it struggles, other sectors suffer. Furthermore, the transportation of essential items like medicine, food, and fuel was affected, causing tremendous disruption.