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Trucking Downturn: Why 85% of New Carriers Didn’t Survive
#fwtv_PKPMfxam8k .fwtv-panel{border:1px solid #d0d0d0;padding:18px;border-radius:6px;line-height:1.6}#fwtv_PKPMfxam8k .fwtv-panel p{margin:0 0 12px}#fwtv_PKPMfxam8k .fwtv-note{font-style:italic;color:#666;margin-top:16px;padding-top:12px;border-top:1px solid #e0e0e0} The freight market has seen a brutal downturn, with an astounding 85% failure rate for new carriers in the past three years. Kirk Mann, EVP & GM of Transportation and Vendor Solutions at Mitsubishi HC Capital America, dives into why this cycle was the longest, the impact of over-financed assets, and what it means for the futu