Small carriers are facing closures due to DOT revocations, poor management, and lack of cash reserves. Surviving the freight recession requires strategic financial management and planning beyond immediate settlement. Passenger carriers are adapting to market changes, with some filing bankruptcy while others preserve cash and position for a rebound in travel demand.

Carriers with professional financial management are strategizing maintenance intervals, equipment replacement cycles, and cost-effective operations. Mega-carriers can absorb losses, but small carriers need every load to generate profit. Market dynamics, broker behavior, and low freight rates are challenging small carriers’ survival. Strategic financial management is crucial for long-term survival in the industry.

Read more at Yahoo Finance: Freight Market Turmoil and What Smart Carriers Do Differently To Survive