It’s not a stretch to say that for many trucking companies, it’s more challenging to run their businesses now than it was at any time in the past five years. A collapse in volumes, an overabundance of carriers in the market and rising operational costs have tested transportation providers’ endurance. All the while, companies continue to combat deep-rooted issues that plague the industry, especially the ongoing driver shortage. But it’s not all doom and gloom. If history and past trucking cycles tell us anything, the market will inevitably recover. Meanwhile, companies can use this time to reassess operations and make preparations that will better position them to maximize margins now and maximize them when the busier season and market upswing eventually come.

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