The last few years in trucking have been interesting. The spot and contract rates that flew skyward in the years following the pandemic have subsided recently. On top of rate instability, expenses like maintenance costs and fuel have risen sharply over the last 36 months, leaving many trucking companies with fewer bottom-line profits.
So far, 2023 has been challenging for carriers of all sizes and it looks to remain that way. Add in the fact that we're likely headed for a national recession and it's understandable if you're wondering how to captain your company's supply chain in the coming months.
In this video, ATS Cheif Financial Officer, Paul Pfeiffer, overviews what 2023 has looked like from a transportation perspective and what you should expect as we head into 2024.
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