According to the American Trucking Associations and carrier U.S. Xpress, there are a number of factors affecting how the trucking industry will pull out of 2020 and the COVID-19 pandemic.
FTR: Don't Look for Positive Trucking Conditions Again Until 2021
According to FTR’s projections for its Trucking Conditions Index, a combination of drastic declines in freight volumes, utilization, and rates due to the COVID-19 pandemic could lead to the worst overall trucking conditions on record during the second quarter of this year.