The trucking industry is undergoing another downcycle.
In a classic capital cycle, weakening demand has met over-expanded supply.
Bankruptcies have abounded from established trucking firms like Yellow (30,000 employees 100-year-old trucking firm)
to start-ups that tried to disrupt the less asset-intensive freight brokerage market such as Convoy (once valued at $3.8bn), where it looks like financing (both VC or otherwise) has met cold reality.
