Uber Freight CEO says the shipping recession is at a new tipping point
Publishing timestamp: 2023-11-02 11:29:21
Summary
The article discusses the challenges faced by carriers in the freight transport sector, including bankruptcies and low rates. Uber Freight CEO Lior Ron suggests that increasing fuel costs may be a tipping point for carriers operating with little margin. The article also mentions the efforts of Uber Freight to improve sustainability and reduce empty miles through technology. Autonomous trucking is seen as a potential solution to achieve sustainability goals. The article concludes by mentioning the preparations for the holiday season and the cautious outlook of some retailers.
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