After diagnosing the information displayed in this freight waves article, it is apparent that the COVID-19 pandemic has had a large effect on the trucking industry. During March of 2020, there was a drastic increase in premium while transportation capacity decreased. This was a shock to the moving average of both premium and capacity. From April of 2020 to September 2020, we have seen nothing but decreases in capacity and increases in premium. This is due to the growing popularity of e-commerce from the pandemic. This is concerning, and a lot of people think we are at a point of no return in the trucking industry.
Action Heavy Haul works hard as a company to offer the most conservative rates to our customers. This new data on the trucking industry is concerning for us. We work hard to keep our customers satisfied and nothing frustrates a customer more than unexpected price increases. We work hard to find trucking companies that can offer the best prices for their services. It is hard to work around the current economy, but we are trying our best to defy the odds of the industry.