(Ontario Trucking Association)
The escalating truck driver shortage is leading to carriers scrambling to fill seats ahead of the fall peak shipping season while likely sparking sharp increases in transportation pricing for shippers.
According to a Journal of Commerce report, shippers are beginning to notice that there are plenty of trailers ready to receive their freight, but not enough trucks and drivers to pull them just as the biggest freight season is about to get underway.
Many large carriers in both the U.S. and Canada have already “signaled … to shippers to help finance a significant boost in driver pay (by) raising rates by higher percentage levels” than last year. Read more here.