From bankruptcies to price wars, the US freight recession is reshaping the industry

Siri Stafford

• The freight recession will likely remain drag on into a sixth quarter, according to AFS Logistics.
• Bankruptcies and aggressive competition have defined the industry downturn, the firm told Business Insider.
• Defaults may be a necessary catalyst to cut down on the sector's oversupply, AFS' Tom Nightingale suggested.

There's no end in sight for the freight recession, and the downturn is reshaping dynamics in the industry.

A lack of certainty...