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Shippers brace for higher truck rates amid ‘everything shortage’

Dec 10, 2021 at 08:53 AM CST

Amid what one trucking analyst calls “an everything shortage,” shippers enter 2022 with heavy volumes of truck shipments bracing for continued higher ground freight rates. Those rates can run in the double-digit percentage increases—on top of 2021’s increases. Those increased freight rates tended to be upward of 10% for shippers whose freight did not match carriers’ needs in this sellers’ market.