Originally published at: https://www.freightwaves.com/news/trucking-carrier-sentiment-suppressed-by-weak-rate-environment-and-economic-uncertainty-ritchie-bros
Ritchie Bros. say more carrier exits are needed to rebalance the trucking market.
Oh No, No way, trucks orders are at a low. Who would’ve thought when trucks are extremely overpriced, market don’t pay ■■■■, at the same time cost to run said truck is higher than ever.
Doesn’t take a rocket scientist to figure this out.
Just wait till the ELP/non-domiciled trucks start hitting the auctions….
So much for residual value?