2019 was the year of the shipper. Truck rates were low, freight volumes were a shadow of their former selves, and capacity was high. Trucks were so plentiful that the term “capacity crunch,” a common phrase in 2018, was rarely heard. The market did not favor the carrier.
2020, however, is positioned to be a year fraught with a whole new list of challenges for both carriers and shippers, including changes to hours of service, pending regulations like the Drug and Alcohol Clearinghouse, California’s AB5 legislation, and AOBRDs’ final gasp, all of which could result in higher truck rates and fewer trucks on the road.