What’s forward for the trucking business in 2023
Looking forward to 2023 is extra like wanting within the rearview mirror for the trucking business. Most of the points from the previous yr, from availability of recent gear to labor woes, will persist within the coming months.
Financial uncertainty is having a domino impact on the business — a minimum of by means of the primary half of the yr. Tender demand for service providers has triggered spot pricing to tumble and carriers have scaled again operations, although they continue to be optimistic a turnaround is on the horizon.
Nonetheless, the business can count on vibrant spots this yr. Investments in expertise corresponding to EVs and autonomous automobiles are ramping up, whereas OEMs count on to extend manufacturing as provide chains enhance. And business consultants say whereas mergers and acquisitions might cool as a result of softening economic system, offers are prone to proceed.
We spoke with consultants within the discipline to higher perceive the main points occurring in trucking. Learn on for perception into what to anticipate in 2023.
