Mom and pops are taking significant share of trucking industry
Contrary to belief, trucking is not consolidating
Craig Fuller, CEO at FreightWaves Tuesday, August 29, 2023
Trucking is among the most fragmented industries on the planet. Growing up, I was told that there would be massive consolidation in the trucking industry following deregulation in 1980.
Instead, the opposite has happened. This chart shows the growth in the number of individual trucking fleets from 2008 to now.
There are a few reasons why — and some of them are unexpected.
