But the fleet's 2023 business plans still reflect a good year to come, says Mullen Group CEO Murray Mullen. Mullen: "Far too many carrier owners believed that business profitability would remain elevated forever". Mullen predicts the number of independent operators will shrink because of factors such as borrowing rates and demographics. Acquisition plans and independent operator struggles.
Today they're going, 'What's your price? "A lot of the order book is going to be accelerated because some of these carriers, they're getting over their skis," he adds. Mullen Group plans for the coming year include $85 million in capital investments not including acquisitions or facilities. Meanwhile, supply chain factors that have affected the availability of new trucks appear to be easing, Mullen said, noting that he's now fielding calls from manufacturers with news of available equipment.
