What trucking tells us about the economy
Economy And Jobs,Truckers,Supply Chains,Trade,Transportation,Labor,Business
From the Left
AllSides Media Bias Rating: Lean Left
Sky-high freight rates are falling, pinching truckers' income. And that tells an important story about what's going on in the economy overall.
Why it matters: Nearly every good consumed in the U.S. is put on a truck at some point. Right now, there are hints of a slowdown in demand.
Meanwhile, supply has been stabilizing as a flood of new truckers entered the industry to cash in on the ultra-lucrative boom that sent paychecks soaring.
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