Trucking Downturn: Why 85% of New Carriers Didnt Survive @FreightWaves
Trucking Downturn: Why 85% of New Carriers Didnt Survive @FreightWaves
Uploaded August 2026 | Updated September 2026, 2 weeks ago
The freight market has seen a brutal downturn, with an astounding 85% failure rate for new carriers in the past three years. Kirk Mann, EVP & GM of Transportation at Mitsubishi HC Capital America, dives into why this cycle was the longest, the impact of over-financed assets, and what it means for the future of freight demand and equipment financing.
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Trucking Downturn: Why 85% of New Carriers Didn't Survive

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