The collapse in the freight market has created a scenario where spot rates are below truckload carrier operating costs - we could see a massive purge of capacity over the next two quarters.

Have seen this movie before, small carriers get flushed out. Market bounces back and rates go through the roof with limited capacity available.

Havent seen rates this cheap in years

— El Jefe (@___El_Jefe_) November 18, 2022