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DAL - Here's What The Trucking Industry Could Learn From Airlines
Delta Air Lines Inc.
It was the best of times, it was the worst of times - for American trucking companies.
This year alone, nearly 800 U.S.-based trucking companies have gone bankrupt. That’s almost three times the rate as in 2018, when things were looking remarkably positive.
Only 310 carriers failed that year, resulting in about 2,800 trucks being taken out of service, a 20-year low. Demand was strong. Ground freight rates were rising. The group ended 2018 with $796.7 billion in revenues, up nearly 14 percent from the previous year, according to the American Trucking Associations.