Tools > News > How Trucker Shortages Will Affect Businesses From Amazon And Walmart To Tyson Foods And Union Pacific
There is a shortage of truck drivers, and low unemployment is making them difficult to replace.
Rising diesel prices and incentives to lure truck drivers, along with demand over capacity, have driven shipping costs sky-high.
This will dig into earnings of retailers - especially those with a focus on ecommerce such as Amazon and Walmart.
Railroad companies will be the beneficiaries as they accommodate the difference between supply and demand and increase their rates in the process.