Freight Carrier Exits Near Record Highs as Diesel Prices Prolong Market Recession
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The number of freight carriers exiting the market rose in September, nearing record highs seen earlier this year.
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New carrier starts dropped 10% in September, continuing the overall decrease seen this year.
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Soaring diesel prices over the summer increased financial stress for carriers.
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Motive predicts diesel price volatility will continue, prolonging the freight recession.
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Oversupply in the freight market isn't expected to correct until consumer demand grows.