What’s Driving Increased Expenses in the Trucking Industry?

Mar 03, 2020 at 01:45 PM CST
Costs in the trucking industry far surpassed the increases felt by many other industries. By comparison, inflation in the U.S. was 2.49% for the same period. Shipping rates aren’t growing at the same steady rate as costs, so motor carriers are shouldering the burden of many of these increases. No one cost center is responsible for this jump in expenses. The industry is feeling pressure from many quarters, from rising insurance premiums to shortages in diesel technicians. In order to successfully navigate these challenging times, motor carriers, brokers and drivers need to have a strong understanding of the genesis of these increases. By understanding industry trends, they’ll be better equipped to prepare for the months and years ahead.

Mar 03, 2020 at 01:45 PM CST

Costs in the trucking industry far surpassed the increases felt by many other industries. By comparison, inflation in the U.S. was 2.49% for the same period. Shipping rates aren’t growing at the same steady rate as costs, so motor carriers are shouldering the burden of many of these increases. No one cost center is responsible for this jump in expenses. The industry is feeling pressure from many quarters, from rising insurance premiums to shortages in diesel technicians. In order to successfully navigate these challenging times, motor carriers, brokers and drivers need to have a strong understanding of the genesis of these increases. By understanding industry trends, they’ll be better equipped to prepare for the months and years ahead.