An article recently published by FreightWaves regarding the conditions carrier companies will face in 2019 may have smaller carrier companies worried about what their future holds. The freight market is currently characterized by terms like “driver shortage” and “capacity glut,” meaning some carriers are left with trucks that don’t have anything to transport.
We’re in the midst of tomato season! But for carriers who typically transport produce, the red, juicy fruit might not be as frequent of a passenger on your trucks this summer. Why? Much of it has to do with a new economic policy the U.S. has implemented regarding tomatoes from Mexico.
The trade war between the United States and China is a hot topic. If the current U.S. administration ends up finalizing a tariff increase on Chinese imports, there could be a drastic change in the global economy. In fact, experts are predicting that there would be a $600 billion decrease in GDP within two years.