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Trucking Stocks Tumble As Supreme Court Ruling Risks "Extinction Event" For Freight Brokers
Trucking Stocks Tumble As Supreme Court Ruling Risks "Extinction Event" For Freight Brokers
The US Supreme Court ruled late Thursday morning that freight brokers can face state-law negligent hiring claims when they hire unsafe trucking firms that later cause crashes.
FreightWaves founder Craig Fuller responded to the ruling on X, saying,
OMG, this is the most pivotal moment in trucking history since Deregulation. It could be an extinction event for 30-50% of all freight brokers.
OMG, this is the most pivotal moment in trucking history since Deregulation.
It could be an extinction event for...
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