Industry economist projects that 600,000 active drivers could be eliminated from trucking

Update 5:30 pm ET:

FreightWaves received clarifying comment from Highway on the state of their system.

A Highway representative said, "the Highway system is not static. It is an adaptive system. Fraudsters can't "reverse engineer" what changes continuously based on new patterns, behavioral signals, and identity data. The rise in reported "fraud" reflects more detection, not more success."

The Calm Before the Storm: Freight's Current Reality

The freight industry is experiencing what experts describe as one of the most interesting times ever in freight—though unfortunately, not in a positive way for most participants. Motor carriers and freight brokers across the spectrum are feeling significant pain from weak freight volumes and a rapidly changing operating climate. What we're witnessing appears to be the calm before a significant storm, with indicators pointing toward what could become the largest capacity washout in trucking history.