Truck driver shortage expected as freight shipments grow and more business news

Truck driver shortage expected as freight shipments grow and more business news

Driver shortage is starting to pull rates higher and those who have stayed on the road are reaping the benefits.

#Motherload

Eric Fuller, CEO of U.S. Xpress, one of the nation’s largest asset-based truckload carriers by revenue, released its September industry forecast Friday, predicting “diminishing truckload capacity” and “overwhelming load volumes.”

“As the economy slowly recovers, freight volumes will rise and drivers will become an increasingly precious commodity,” Fuller said. “In recent months, the industry has seen significant increases in driver turnover, which is exacerbated by lower CDL school enrollment and the recently launched Drug and Alcohol Clearinghouse.”

Continue to article: https://www.timesfreepress.com/news/business/aroundregion/story/2020/sep/25/business-briefs/532928/

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