Driver shortage raising freight rates: ATA

Jul 17, 2014 | 02:56 PM | Saranya Kapur

Tags  freight, shipping, American Trucking Associations, Bob Costello, Highway Trust Fund, Saranya Kapur

NEW YORK — Climbing freight rates have been a problem for both consumers and producers in the metals industry, and they are expected to rise further due to a shortage of truck drivers and delays in federal infrastructure spending, according to the top economist at the American Trucking Associations (ATA).

Freight volumes are up 2.5 to 3 percent, their best year since 2010, said Bob Costello, chief economist of the Arlington, Va.-based association. "Even during the winter, volumes were up a bit, unlike (gross domestic product). Overall, freight volumes have improved substantially in the second quarter but capacity remains constrained."....





Latest Pricing Trends

Poll

Are you stocking more inventory today than 18 months ago?

Yes
No


View previous results