Economic uncertainty is also having a domino effect on the industry— at least through the first half of the year. Soft demand for carrier services has caused spot pricing to tumble and carriers have scaled back operations, though they remain optimistic a turnaround will come later in the year.
There are bright spots. Investments in technology from EVs to autonomous vehicles are ramping up, while OEMs expect to ramp up production as supply chains improve. And industry experts say while merger and acquisition may cool due to the softening economy, deals are likely to continue.
We spoke with experts in the field to better understand the major issues happening in the industry. The stories below provide insight into what to expect in 2023.
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