August 22, 2018

For all the talk of self-driving vehicles and freight automation, US trucking has a more pressing concern: the record rates being charged for road freight in North America.

According to the Wall Street Journal (subscription required), the country’s spot rates for third-party haulage have jumped 26% this year compared to 2017. This follows 17 straight months of year-over-year growth, something that hasn’t happened for more than three decades.

Naturally, this seemingly unstoppable growth is having an impact on transportation costs, which puts pressure on companies in many sectors to raise prices.

Continue reading US Trucking Costs Hit Record Highs in 2018