In The News
Buying money, buying time: Survival strategies for cash-strapped owner-operators
As the economy takes small steps to reopen, what are the biggest issues facing owner-operators and small fleets? As Overdrive posed that question in May reader polling about coronavirus topics, two related responses stood out: freight pricing and cash flow.
Many respondents’ comments blamed brokers for exploiting the freight market’s skewed supply and demand, often citing rates too low to turn a profit on a haul. Many small fleets saw their livelihood evaporate when one or more key customers suddenly closed.