Great Freight Recession

On September 26, 2025, U.S. Transportation Secretary Sean P. Duffy announced an emergency order requiring states to immediately stop issuing or renewing non-domiciled commercial driver’s licenses (CDLs). This directive ends a widespread practice in many states of issuing CDLs to non-citizens without employment-based visas or extending them well beyond the expiration of holders’ work visas. […]

Carroll Fulmer Logistics, a Florida-based trucking company that has operated for more than 70 years, is shutting down. The carrier had 400 trucks and 1,700 trailers. Some 600 employees will be laid off as operations cease. The company plans to offer them 60 days’ severance pay as it winds down. According to the Clermont Sun, […]

ACT Research forecasts an end of the Great Freight Recession in the for-hire truckload space, but private fleet expansion is tempering expectations.

Spot and tender rejection rates point to a strong tightening in the national truckload market. Is this the end of the freight market recession?

After the most prolonged freight recession in history, the market has been showing signs of recovery over the past few months.

We solved the mystery of carrier resilience during the long downcycle.