Loads that would have paid $1,000 last month, when a rush to restock grocery stores briefly lifted business, now fetch $300 or less, he said. That isn’t enough to cover the pay for drivers, fuel and other costs for his seven-truck fleet which is now sitting parked. “Nobody can survive six months like this,” Mr. Singh said. “How can I pay my guys, the payments on trucks, the insurance?” Sam Trucking is among thousands of small trucking companies that move the vast majority of the goods in U.S. freight markets. With light cash flow, limited reserves and uncertain access to credit, many of those carriers now are struggling under an upheaval in shipping markets created by lockdowns on economic activity meant to control the coronavirus pandemic. Created with Highcharts 6.1.1Freight SlumpTruck rates are falling as coronavirusshutdowns tank transport demand.Average cost per mile to book a big rig onthe spot […]