‘Not enough freight to go around’: Carriers report dirt cheap rates as freight fallout worsens

April 21, 2020

Last week, nearly half of carriers (48%) reported that freight levels had “decreased significantly.” Another 35% said freight has decreased. Those numbers paint a much different picture than the survey results from the last week of March, when 22% of carriers reported a decrease in freight and an additional 19% reported a significant decrease.

Trucking conditions continue to deteriorate industry-wide, but pockets of the United States are feeling the squeeze more than others.

More than one-third of fleets based in the Eastern U.S., responding to a weekly CCJ survey that measures the coronavirus’ impact on motor carriers, ranked last week’s business conditions as their worst week ever. New England carriers were hit particularly hard by an ill-timed holiday weekend, with 40% of fleets representing Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island and Vermont scoring last week as their worst.