{"id":7622,"date":"2023-08-29T15:43:33","date_gmt":"2023-08-29T15:43:33","guid":{"rendered":"https:\/\/axxessintl.com\/no-profit-right-now-trucking-industry-facing-leaner-times-as-consumer-demand-drops\/"},"modified":"2023-08-29T15:44:09","modified_gmt":"2023-08-29T15:44:09","slug":"no-profit-right-now-trucking-industry-facing-leaner-times-as-consumer-demand-drops","status":"publish","type":"post","link":"https:\/\/axxessintl.com\/en\/no-profit-right-now-trucking-industry-facing-leaner-times-as-consumer-demand-drops\/","title":{"rendered":"&#8216;No Profit Right Now&#8217;: Trucking Industry Facing Leaner Times as Consumer Demand Drops"},"content":{"rendered":"<p>For Jas Singh, the road to profit just keeps getting narrower.\u00a0\u201cIt\u2019s slow right now, not too many loads,&#8221; said the owner of JK Transport, a Brampton-based trucking company Singh launched 15 years ago.<!--more--><\/p>\n<p>On top of fewer shipments, costs have shot up while freight rates have plummeted.\u00a0A new tractor now costs him $225,000, up from the $135,000 he paid in 2019, Singh said. Trailers for his fleet of 15 semi-trucks have doubled in price to $80,000. And he can only charge $1.50 per mile for deliveries that reaped $2.30 per mile last year.<\/p>\n<p>\u201cA lot of problems this year,&#8221; the 45-year-old said in a phone interview.<\/p>\n<p>He&#8217;s not alone. The entire Canadian trucking industry faces a shaky market as cargo volumes and rates continue to fall \u2013 in step with downward consumer demand \u2013 compared with the soaring highs seen during the pandemic.<\/p>\n<p>Read more in an <a href=\"https:\/\/ciffa.apms5.com\/anywhere\/m?s=ciffa&amp;m=s_c6562fdc-5684-43b4-b485-d4c63ff3702a&amp;u=e1jq4wvfdtfm8dhg6n1k4hj45n2mad255mu36ha25n13ada35mt3jc1m6rtm8cj370uk8&amp;r2=d1u78w3k78qjyvbfdtu74tb1dgq66x3pdtjqewtecdgjyvkf5nr74vv6d5u2uwk9cxm78bbedxvjux3jenhppubecwppjvk4entq8wkt5nk62rv9dtkjuv35c5q6awhdehmputbk5ngq6bb3dxq76xbdcnt2ut35dngpwt1dcht6yw3k5mrjwdhn6ct3ge9p7xuq8vazcdgpuw31d5kpwfb589uprv35ehmpwqtj6cr3gchn4tuq8vazdnjp8ubndmypavb1d5p2cxbmdnfq6vvne9hpafb1enu6yw39dhqq8&amp;n=9\">article from CTV News<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>For Jas Singh, the road to profit just keeps getting narrower.\u00a0\u201cIt\u2019s slow right now, not too many loads,&#8221; said the owner of JK Transport, a Brampton-based trucking company Singh launched 15 years ago.<\/p>\n","protected":false},"author":15,"featured_media":1910,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[56],"tags":[905],"types-de-nouvelles":[],"class_list":["post-7622","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-freight-news","tag-jk-transport-en"],"_links":{"self":[{"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/posts\/7622","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/comments?post=7622"}],"version-history":[{"count":1,"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/posts\/7622\/revisions"}],"predecessor-version":[{"id":7623,"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/posts\/7622\/revisions\/7623"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/media\/1910"}],"wp:attachment":[{"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/media?parent=7622"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/categories?post=7622"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/tags?post=7622"},{"taxonomy":"types-de-nouvelles","embeddable":true,"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/types-de-nouvelles?post=7622"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}