Truckers wrestle with oversupply of big rigs, falling freight rates
from The Wall Street Journal
Trucking companies are wrestling with the hangover from last year's freight boom as greater availability of big rigs and softening demand weigh on earnings ahead of peak shipping season. Many carriers plowed 2018 profits and the gains from the 2017 corporate tax cut into record orders for new equipment, resulting in a growing supply of trucks while cargo volumes in U.S. distribution channels have been sliding.
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