We’ve all driven past truckers on the highway or local roads. Though you might not have realized, there has been a decline in the trucking industry this year. Over 3,000 truck drivers have lost their jobs in 2019, especially truck drivers for small businesses, as reported by Business Insider.
A whopping 640 commercial trucking companies went bankrupt in just the first half of this year, which is over triple the number from the same time last year. This fall in business was caused by many factors, as told by Business Insider, including a drop in consumer spending, cost of insurance, decline in goods shipped, and the amount of drivers being over capacity.