What is it?
A measure of total U.S. trucking company failures as calculated by Broughton Capital going back to 1990, updated quarterly.
Who is interested?
This figure is important to any trucking industry stakeholder for historically assessing how many trucking failures can occur when economic conditions deteriorate, there is excess capacity in the industry, diesel prices rise, or spot prices drop significantly (amongst other factors), negatively impacting carrier profitability and leading to failures. When this figure is particularly low (high), it can be viewed as a meaningful indicator of industry health (deterioration).
What does it tell me?
This figure is the absolute number of trucking company failures by quarter, and does not measure the total number of trucks.