Neil Stayner has been a truck driver since 2001. But now that trucking rates have dipped significantly, he’s out.

“My business is finished, because the cost of freight has dropped to an all-time low,” Stayner told Business Insider. “It’s sad what I sacrificed every day, every week, every holiday — gone from my family.”

Trucking has been in a recession since the first half of 2019, according to ACT Research. That fact doesn’t surprise truck drivers, dozens of whom have told Business Insider that their earnings have slashed this year.

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