by Roby Brock (roby@talkbusiness.net)

The president of the Arkansas Trucking Association, Shannon Newton, has seen plenty of ebbs and flows in her career leading and working in the transportation industry.

Economists and trucking executives are calling current industry conditions a “freight recession” which is causing a cyclical adjustment for companies throughout the nation’s supply chain.

“It’s very much like a recession-recession,” Newton said of a freight recession. “I think we’ve defined it kind of as a contraction in the demand over some sort of measurable period. The industry numbers indicate a contraction demand two months in a row. What you see is essentially the freight economy leading the anticipated recession that hasn’t really come.”

https://talkbusiness.net/2023/06/trucking-industry-leader-discusses-economy-workforce-challenges/