"Everybody's calling this the great trucking recession, and it's true because all the trucking companies right now are in dark times," he said. "This is not a good time to be in the trucking industry. Just to paint a picture, the trucking industry is the engine that drives the American economy forward. Yellow Corporation, for example, which is one of the nation's oldest and largest trucking companies, filed for Chapter 11 bankruptcy in August, laying off 30,000 employees. Unfortunately, he said there are fears that this holiday season could be "even more challenging than 2022."

Source: Fox News November 13, 2023 13:14 UTC