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The trucking industry is in for a MAJOR shakeup, and it has big companies sweating! Our friends at Deep Dive analyzed FMCSA data, and what they found is HUGE for trucking capacity.
Here's the bombshell: Big trucking companies EXPECTED a massive exodus of small carriers. They figured high costs, competition, and a tough market would drive you out. But guess what? They were WRONG!
Deep Dive's data (courtesy of David Taube) shows WEEKLY EXIT RATES HAVE BEEN FLAT FOR OVER A YEAR! That's 72 straight weeks of owner-operators and small trucking companies defying the odds.
This is a total game-changer for trucking capacity. Here's why:
More Resilient Truckers = More Capacity: You guys are sticking it out, which means more trucks on the road and potentially more stability in the market.
Peak Rates & Stimulus Might Be a Factor: Some say strong rates in 2022, stimulus checks, and lower fuel costs helped keep you afloat.
New Entrants Are Slowing Down: While exits haven't budged, new carrier applications seem to be dropping. This could tighten trucking capacity in the long run.
But wait, there's more! The data ALSO shows a significant increase in REVOCATIONS since 2020. This means some carriers are getting weeded out, potentially due to safety issues or compliance problems.
What does this all mean for YOU? Buckle up! The trucking landscape is shifting, and trucking capacity is a key player. This video dives deep into the data and explores what it means for owner-operators and small trucking companies like yours.
Is this the key to your success? Watch and find out!
P.S. Don't forget to like and subscribe for more trucking industry insights!
#TruckingCapacity #SmallTruckingWins #TruckingIndustryShakeup
Here's the link to the Trucking Dive story: www.truckingdive.com/news/fmc...
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