Why are trucking companies failing? Why is it so hard finding a reliable carrier in today’s world?
Great question Chad and your points are valid. I don’t think loyalty is really a factor though. Trucking became a commodity starting with deregulation in the 1980s. Carriers compete on price and yet must provide better service as demanded by the market. Raising their rates risks losing market share. Labor costs are the biggest input so wages are kept down and there are very few unionized carriers remaining to negotiate. Advantage shippers.