US Trucking Industry Struggles with Severe Driver Shortage

US Trucking Industry Struggles with Severe Driver Shortage

Data from the American Trucking Associations shows that the annualized turnover rate for drivers at large freight fleets has exceeded 100% for two consecutive quarters, highlighting the labor shortage in the freight industry. Factors such as economic recovery, stricter regulations, and an aging workforce are exacerbating the shortage. Experts predict the situation will worsen, potentially leading to higher freight rates. The industry needs to improve compensation and working conditions, strengthen training programs, and promote innovation to address these challenges.

02/03/2026 Logistics Industry Insights
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Ocean Freight Surcharges Explained BAF CAF GRI Guide

Ocean Freight Surcharges Explained BAF CAF GRI Guide

This article provides an in-depth analysis of common surcharges in international ocean freight, focusing on BAF (Bunker Adjustment Factor), CAF (Currency Adjustment Factor), and GRI (General Rate Increase). It explains their definitions, calculation methods, and influencing factors. Furthermore, it offers practical advice on reducing ocean freight costs, helping shippers effectively manage surcharges and maximize profits in international trade. The article aims to empower cargo owners to navigate the complexities of ocean freight surcharges and optimize their shipping strategies.

01/15/2026 Logistics Encyclopedia
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Parcel Discounts Rise As LTL Rates Hold Truckload Demand Slows TD Cowen

Parcel Discounts Rise As LTL Rates Hold Truckload Demand Slows TD Cowen

The TD Cowen/AFS Freight Index indicates a fragmented freight market: unprecedented discounts in parcel shipping, resilient or potentially increasing LTL pricing, and sluggish demand in truckload. Businesses should closely monitor market dynamics and flexibly adjust logistics strategies to capitalize on opportunities and navigate challenges. This includes leveraging parcel discounts while preparing for potential LTL rate hikes and optimizing truckload operations in a low-demand environment. Proactive adaptation is key to success in the current volatile freight landscape.

01/15/2026 Logistics Industry Insights
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SGD to USD Exchange Rate Trends Impact Investments

SGD to USD Exchange Rate Trends Impact Investments

This article analyzes the exchange rate trends of the Singapore dollar (SGD) against the US dollar (USD), with the current exchange rate at 1 SGD = 0.778391 USD, reflecting a 3.22% increase over the past year. By presenting details of the exchange rate and both currencies, it explores how investors can utilize exchange rate dynamics to optimize their investment decisions.

08/26/2025 Exchange Rate Query
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10000 Equals X Paraguayan Guarani in Latest Exchange note Replace X with the Actual Conversion Amount from the Article for Precision Alternatively If the Article Emphasizes Broader Exchange Trends currency Exchange 10000 to Pa

10000 Equals X Paraguayan Guarani in Latest Exchange note Replace X with the Actual Conversion Amount from the Article for Precision Alternatively If the Article Emphasizes Broader Exchange Trends currency Exchange 10000 to Pa

This article provides details on the exchange rate for converting 10,000 USD to Paraguayan Guarani, including the current exchange rate, volatility trends, and factors influencing the rate. The aim is to help readers understand dynamics in the foreign exchange market and optimize their currency exchange strategies.

08/11/2025 Exchange Rate Query
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TACT Manual Remains Vital for Global Air Cargo Industry Amid E-Commerce Boom

TACT Manual Remains Vital for Global Air Cargo Industry Amid E-Commerce Boom

This article presents the important air freight rate manual TACT (The Air Cargo Tariff), first published in 1975 and currently co-published by several airlines. TACT is divided into three main parts and includes all rules and detailed rate information for international transport. Understanding how to use TACT enables transportation professionals to obtain precise quotes, thereby enhancing decision-making efficiency and market competitiveness.

07/28/2025 Logistics Encyclopedia
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BNL SPA SWIFTBIC Code Key Details Explained

BNL SPA SWIFTBIC Code Key Details Explained

This article provides a detailed overview of the SWIFT/BIC code for BANCA NAZIONALE DEL LAVORO S.P.A., including its components and significance in international remittance. It also offers practical advice for verifying transfer information to ensure the security and accuracy of transactions.

08/12/2025 International Settlement
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