Data on the third-party logistics market from the first quarter paints a picture of a market sliding toward recession, even before the impact of COVID-19 pandemic hit.
Do Low Spot Freight Rates Mean Brokers Are Gouging Truckers?
Freight rates on the spot market in April plunged to five-year lows, thanks to plummeting demand caused by the COVID-19 pandemic. It's so bad, owner-operators have been protesting all over the country, calling for more broker regulation. But is it really a broker problem? Or classic supply and demand?