Interesting.

The OP claims that deregulation efforts from 2016 to 2022, originally meant to address the truck driver shortage, actually led to many minimally trained drivers joining small truck fleets that pay below-market salaries and routinely run 14- to 20-hour days using tampered hardware for logging mileage. These poorly trained drivers, according to the OP, would not pass the vetting of large, compliant carriers. Freight brokers, which now "control" a third of all loads, typically award them to the lowest bidder, pushing spot rates "below the cost of legal operation." The consequences, according to the OP: legitimate carriers are barely breaking even, cargo theft is more prevalent, and roads are less safe.

Hmm... maybe? I'm not sure I agree. There's an alternate narrative that is also compelling. Could it be that the rise of freight brokers and the adoption of new technology by small fleets enables them to compete more effectively with large fleets, making this market much more competitive than it ever was? Could it be that shippers now have more viable truck-shipping options at a lower cost, thanks to less opaque freight pricing? Could it be that society as a whole benefits from less expensive truck delivery services? Won't this market, sooner or later, be dominated by self-driving trucks, bringing prices down much further, benefiting society as a whole even more?

> enables them to compete more effectively with large fleets, making this market much more competitive than it ever was?

Here's an idea: using slaves in coffee and sugar-growing plantations. This will enable slavers to compete more effectively with large non-slave plantations, and the society as a whole would benefit from less expensive coffee and sugar.

Society might care about cost _including externalities_. A truck running on discarded frying oil might offer a lower price and there’s no way to account for the resulting health outcomes. Exceeding capacity lowers unit price and usually doesn’t lead to an accident. Many industries around the world have shown that without functioning enforcement of reasonable rules you immediately get the tragedy of the commons.

You describe the two states as if those are mutually exclusive somehow. They are not. But that does not answer the real underlying question: is it true?

Or could it be that the tech bros have enabled shifting costs to externalities, like road safety, and the tax funded social safety net keeping underpaid drivers fed? Startup ideas that collect ongoing transaction fees are a hot pattern in investing. The money for those fees has to come from somewhere. Not necessarily a productive somewhere.

This sounds like an echo of ride hailing, where people will now pay a bit more to ride a Waymo so they don't have to tell their financially desperate driver that they'll get a bigger tip for calming down a bit.

I was reading a book recently called "the secret life of groceries" by Benjamin Lorr. He took a ride with truck drivers delivering groceries, and he found that they are terribly abused, underpaid, and that the truck driving schools will literally clean out halfway houses, drug clinics, shelters, anyone they can find who will sign on the dotted line and what is little more than indentured servitude.

If anything, deregulation of the trucking industry has had the exact opposite effect. There should be stringent rules on the drivers, but just as equally stringent rules on those that employ and train them. It's a horribly abusive industry, and we should regulate it.