U.S. trucking downturn puts pressure on independent operators -Uber Freight

Trucks get refueled at a rest stop providing essential food and hygiene services to truckers who continue to work amid the coronavirus disease (COVID-19) outbreak, in Las Vegas, New Mexico, U.S. March 23, 2020. Picture taken March 23, 2020. REUTERS/Andrew HayRegister now for FREE unlimited access to Reuters.comRegisterMay 9 (Reuters) – A continued decline in on-demand trucking prices risks squeezing out tens of thousands of small operator-owned trucking companies that rushed into the market when rates were surging earlier this year, Uber Technologies Inc’s (UBER.N) head of freight said.Surging diesel fuel costs and a leveling of U.S. consumer demand …
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