Executives at trucking company J.B. Hunt are suggesting the United States is in a “freight recession.” The transportation giant says there are fewer trucks making deliveries across the U.S., and they are largely blaming it on retailers making large purchases during the pandemic.
The American Trucking Association says “for hire” contracts fell six percent in March. That marked the lowest level since August 2021.
The Ports of New York, New Jersey, and Los Angeles also all report that their handling rates have fallen in the last couple of years.
