22 Nov 2016
Several of the nation’s largest trucking companies are shrinking the sizes of their fleets in an attempt to create a balance with the below average truck demand seen over the last several months. Swift, the largest U.S. trucking company; Covenant Transportation Group; and Werner, the fifth largest, announced last month that a combined total of hundreds of trucks were being cut for the fourth quarter. Swift plans to drop another two hundred before the end of the year.
The coming weeks will tell what is in store for the trucking industry in 2017. If holiday shipping between distributors and retailers creates enough volume to increase profitability, the companies may begin re-introducing vehicles back into the fleet. DAT Solutions, ACT Research and FTR are expected to report on fleet trends throughout the course of November.