IBJ: Trucking industry on a bumpy road post-pandemic
Scopelitis President & Managing Partner Greg Feary in the IBJ on factors weighing on trucking companies right now:
“Interest rates are higher than they were a few years ago, making it more expensive to finance a truck purchase. Tighter emissions standards are set to go into effect over the next three years, and carriers are also facing an increased number of class action lawsuits.
One hot area of trucking litigation involves drivers suing their employers over privacy issues related to biometric data collected by truck technology.”
Feary said he believes the pace of trucking bankruptcies is slowing down and that better times are ahead. “I think the market is correcting itself. We’re hoping that the last half of the year will prove that we’ve hit bottom when it comes to freight levels and freight rates.”
Read the full article: IBJ – Trucking industry on a bumpy road post-pandemic
Click the image to download the full IBJ article.
News from Scopelitis is intended as a report to our clients and friends on developments affecting the transportation industry. The published material does not constitute an exhaustive legal study and should not be regarded or relied upon as individual legal advice or opinion.
IBJ: Trucking industry on a bumpy road post-pandemic
Scopelitis President & Managing Partner Greg Feary in the IBJ on factors weighing on trucking companies right now:
“Interest rates are higher than they were a few years ago, making it more expensive to finance a truck purchase. Tighter emissions standards are set to go into effect over the next three years, and carriers are also facing an increased number of class action lawsuits.
One hot area of trucking litigation involves drivers suing their employers over privacy issues related to biometric data collected by truck technology.”
Feary said he believes the pace of trucking bankruptcies is slowing down and that better times are ahead. “I think the market is correcting itself. We’re hoping that the last half of the year will prove that we’ve hit bottom when it comes to freight levels and freight rates.”
Read the full article: IBJ – Trucking industry on a bumpy road post-pandemic
Click the image to download the full IBJ article.
News from Scopelitis is intended as a report to our clients and friends on developments affecting the transportation industry. The published material does not constitute an exhaustive legal study and should not be regarded or relied upon as individual legal advice or opinion.