Recently, several large and small trucking companies have closed their doors owing to harsh market conditions that are currently prevalent within the industry. The trend is not likely to change in 2020 unless there is a large spike in the retail industry and if there is a significant increase in the flow of freight.
Trucks that are being used are now being equipped with far better technology than ever before, and more trucks are beginning to incorporate ‘smart’ technology to improve the functionality of the vehicle.
While the trucking industry might not be in the best market situation currently, there are some experts who are enthusiastic about 2020. Because of the decline that the industry experienced during 2019, many believe that a market flip is expected to emerge in 2020.
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