Podcast: For-hire trucking’s overcapacity problem and what it means for the freight market

Overcapacity in for-hire trucking today can be blamed in large part due to the expansion of private fleets and a prolonged boom of owner-operators. Many owner-operators have been able to remain in business longer than expected, thanks to profits made during the pandemic and banks' reluctance to repossess equipment, as they prefer to avoid realizing losses on their balance sheets.

ACT Research’s senior analyst Tim Denoyer explains the problem and shares his predictions for a “capacity crunch.”