The freight industry, which includes trucking, rail, maritime shipping, air, logistics, and warehousing, has faced a downturn over the last three years and additional uncertainty this year by the White House’s implementation of tariffs.
Shipping companies began 2025 already entrenched in the Great Freight Recession, dealing with reduced shipping demand, lower freight rates, and rising costs of labor, fuel, and insurance, which have impacted revenues and profits.