The freight recession is getting worse as the economy detoxes from the pandemic trucking boom

• July data from Motive showed a contraction for US carriers and a 15% year-over-year decline in retail demand.
• Unemployment for truck drivers could move higher as larger carriers, like Yellow, feel more pain. 
• The freight recession may also signal a "detox" from the artificial demand spikes and gross margins seen in the pandemic. 

Even as Wall Street pulls back on its predictions of a looming economic downturn, a worsening freight recession is pointing to a slowdown in a key sector of the economy.