Lenders pull back, firms at the heart of the boom cut costs or close, bankruptcies pick up, building projects are shelved.
—
RUCHIR SHARMA,
Foreign Affairs,
13 Oct. 2026
Labor market shifts The US trucking industry is shaking off a nearly four-year downturn, a post-pandemic correction marked by tumbling freight rates, carrier bankruptcies, and a high-cost/tepid-volume operating environment.
The feat concludes a pursuit that began in 2009, when Zhang first experimented with riding a motorcycle on water and overcame early failures to achieve his latest goal.
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