The $800 billion U. S. trucking industry, considered by many insiders to be the canary in the coal mine in regard to the health of the nation's economy, is getting some worried glances by some of those insiders. According to recent figures, freight rates and loads on the spot market, were down by 62.6 percent in May compared to previous years' May numbers.
In a move that might at first glance appear to be counter-intuitive in light of the driver shortage, a trucking group is calling for the purging of at least 300,000 drivers -- but their main concern is public safety, as this is the number of drivers they estimate are un-caught illicit drug abusers.
PepsiCo has reserved 100 electric trucks from Tesla Motors in the largest electric truck order yet from any company.
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