Analysis: U.S. Trucking Downturn Foreshadows Possible Economic Gloom
There has been an unexpectedly sharp downturn in demand to truck everything from food to furniture since the beginning of March and rates in the overheated segment that deals in on-demand trucking jobs – known as the spot market – are skidding.
History has proven trucking to be a possible indicator for the U.S. economy. As a result, investors and financial analysts worry what will happen if the trucking slump deepens and spreads.
Read more from Reuters