April 14, 2022
In the Media
CTL Executive Director Chris Caplice was interviewed by Logistics Management about different market trends, such as freight recession and the seasonality of increasing fuel prices:
What has happened with fuel over the last month or so has been dramatic, for truckers and continues to have a huge impact for small carriers. But wages have been increasing, so the cost basis for the carriers is much higher, and insurance has still been climbing. I don’t think we are going to see a dramatic reduction in rates, because they can only go so far, in my opinion.