Bryan Hutchens in Oklahoma estimates he's only used his two flat-bed trucks to shift oilfield equipment for a week out of the past month as the coronavirus crisis shutters businesses.
CHICAGO - Bryan Hutchens in Oklahoma estimates he’s only used his two flat-bed trucks to shift oilfield equipment for a week out of the past month as the coronavirus crisis shutters businesses.
The pandemic has turned the global trucking industry on its head. As swathes of the world economy shut down and curbs on movement and gatherings disrupt supply chains, freight companies are hemorrhaging cash and sidelining thousands of truckers. Lockdown restrictions in India, the world’s second most populous country, have sidelined 80% of the 10 million trucks behind a $130 billion industry that hauls 60% of the country’s freight.
Some 97% of trucking companies in the United States operate fewer than 20 trucks, and 91% have six or fewer, according to the American Trucking Associations. Those workers rely more often on one-off jobs than long-term contracts. “In some lanes, rates are lower now than they were 15 years ago, but all of our costs, from fuel to insurance, have gone up,” Hutchens said.
To make ends meet, ERL leased nine of its refrigerated trailers to the Department of Homeland Security for use as makeshift morgues for COVID-19 victims. The company also tapped an emergency government loan program to help to pay salaries.
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