Unprecedented stay-at-home orders crippled state economies across the nation, curbed consumer spending, disrupted supply chains, bankrupted large and small trucking companies, and sidelined thousands of truckers. The nation had never experienced anything like it. And, neither had the transportation logistics industry.
Last week, the Labor Department reported first-time claims for unemployment insurance rose to 965,000.
The figure below depicts the percentage of time a transportation driver speeds. Speeds are undoubtedly influenced by the COVID-19 shutdown and the extraordinary demands of E-Commerce.
Let’s take a closer look.