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Sunday, June 23, 2024

Weaker Demand Closes More Doors

Demand for freight transportation has weakened over the last year, and combined with rebounding fuel prices, the conditions are leading to more business closures for trucking carriers, according to a report from Avondale Partners.

During the second quarter of 2016, 120 carriers went out of business with an average of 17 tractor-trailers per carrier. During the same quarter in 2015, 70 carriers with average fleets of 14 tractor-trailers closed their doors.