Truck drivers lose an estimated $1,281 to $1,534 a year and put themselves at higher risk for crashes because of unexpected wait times on loading docks, according to results of a much-anticipated government report.
A stronger economy, the implementation of the federal electronic logging device mandate and inclement weather have pushed the need for more for trucking services, bumping up rates significantly from a year earlier, said Mark Montague, an analyst at D
DAT reported nine loads available per every truck in its network in December, the highest monthly average ever recorded.
According to DAT's Mark Montague, the industry’s current driver shortage can be broken down into three main reasons: a strong economy, unfavorable winter weather, and the ELD mandate.
Loads far outnumber vehicles as freight volumes near records.
Truckload contract rate increases "could break records" in 2018, and are likely to remain strong for the next two years after that, a transport analyst said today.
Spot rates hit an all-time record the last week of December, according to the closely watched DAT Trendlines.
Retailers and manufacturers grappling with an unusually tight trucking market are paying the steepest prices in years to keep their goods moving.
Supply chain disruption caused by back-to-back hurricanes helped shift the top markets for spot and contract truck freight in the United States last year.
Truckload spot market capacity was ultra-tight last week as the new electronic logging device (ELD) mandate, combined with the approaching Christmas holiday, prompted many drivers to take an extended holiday from the road, consulting firm DAT Solutio