Truck Driver Shortage Drives Up Freight Labor Costs

Truck Driver Shortage Drives Up Freight Labor Costs

According to the American Trucking Associations, the driver turnover rate at large truckload carriers surged to 92% in the third quarter, while smaller carriers reached 74%. Less-than-truckload (LTL) remained relatively stable at 14%. This high turnover reflects challenges in the freight market, including driver shortages and increased competition. Companies need to actively address these issues to ensure supply chain stability and mitigate the impact of driver attrition on their operations. Addressing driver retention is crucial for maintaining service levels and profitability in the current environment.

01/21/2026 Logistics
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Advance Cargo Declarations Speed Up Global Customs Clearance

Advance Cargo Declarations Speed Up Global Customs Clearance

This paper delves into the significance of advance declaration and fast release mechanisms for goods, highlighting their crucial role in accelerating customs clearance, reducing costs, and improving efficiency. It elaborates on the key elements for implementing advance declaration and introduces relevant tools and guidelines from the World Customs Organization (WCO). The paper concludes by summarizing the multifaceted benefits of advance declaration for businesses, customs authorities, and nations, advocating for its widespread adoption to foster a new paradigm in global trade.

01/22/2026 Customs Knowledge
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Trucking Rates Edge Up Amid Yearend Market Weakness

Trucking Rates Edge Up Amid Yearend Market Weakness

The DAT report indicates a slight increase in U.S. truckload spot rates in October, but overall freight volumes declined, signaling weaker demand in the freight market towards the end of the year. Experts attribute this to a combination of factors, including inventory overhang, macroeconomic uncertainties, and regulatory changes, posing challenges to the market. Freight companies need to refine operations, diversify services, embrace technology, and strengthen risk management to navigate the market downturn.

01/22/2026 Logistics Industry Insights
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Trucking Rates Edge Up Amid Persistent Market Weakness

Trucking Rates Edge Up Amid Persistent Market Weakness

The truckload freight market experienced weakness at the end of the year, with declining freight volumes and a slight increase in freight rates failing to mask the overall downturn. Experts attribute this to weak demand and inventory buildup, leading to a disappointing peak season. Looking ahead, the market continues to face challenges. Logistics companies need to reduce costs and increase efficiency, expand their business, embrace technology, and strengthen cooperation to weather the winter.

01/22/2026 Logistics Industry Insights
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Wuhan College Efire Wrap Up Ecommerce Training Camp

Wuhan College Efire Wrap Up Ecommerce Training Camp

The training program jointly conducted by Wuhan City College and Yihuo Cross-border E-commerce Training Base has successfully concluded. Through immersive training, students systematically learned platform operation, product selection analysis, and marketing promotion skills, achieving significant improvement in their capabilities. This university-enterprise cooperation model effectively enhances students' employment competitiveness and sustainable development ability, contributing to the talent pool for the cross-border e-commerce industry.

01/23/2026 Logistics Industry Insights
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Railroad Giants UP NS Merger Under Regulatory Review

Railroad Giants UP NS Merger Under Regulatory Review

Union Pacific and Norfolk Southern shareholders overwhelmingly supported the merger, aiming to create the first transcontinental railroad in the US, pending STB approval. This move has sparked industry concerns, with CPKC arguing it's not in the best interest. Senators are calling for close scrutiny, and industry associations worry about reduced competition. The merger faces regulatory challenges and a complex interplay of various stakeholders' interests.

01/21/2026 Logistics
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Trucking Shortage Drives Up Freight Costs for Businesses

Trucking Shortage Drives Up Freight Costs for Businesses

Shrinking truckload capacity is a top concern for shippers, driven by factors like the ELD mandate, driver shortages, and manufacturing growth. Intermodal transportation emerges as a crucial strategy to combat capacity challenges. Businesses need to optimize their supply chains and select appropriate intermodal solutions to reduce costs, improve efficiency, and maintain a competitive edge in the market. Focusing on strategic intermodal implementation allows companies to navigate the current capacity constraints and build more resilient and cost-effective supply chains.

01/27/2026 Logistics Industry Insights
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