Trucking Cos. Not Honoring Contracts Due to High Demand: Craig Fuller

The video discusses the persistent capacity shortages in the freight industry, exacerbated by a tight labor market and global demand. It highlights the challenges faced by trucking companies in fulfilling contracted loads, leading to high tender rejection rates and increased reliance on the spot market, which drives up costs. The video also explores the non-binding nature of trucking contracts and the cyclical nature of the market, which causes structural issues and potential bankruptcies.

What are the current challenges faced by trucking companies in finding drivers?

How does the global demand for freight capacity affect trucking in the United States?

What happens when a trucking company rejects a load?

What are the implications of high tender rejection rates in the trucking industry?

Explain the relationship between contracted rates and spot market rates in trucking.

What factors contribute to supply chain disruptions in the trucking industry?

Discuss the cyclical nature of demand and rates in the trucking market.