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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US Truckload Spot Rates Hit Multiyear Highs Amid Hurricane Season Ecommerce Surge

US Truckload Spot Rates Hit Multiyear Highs Amid Hurricane Season Ecommerce Surge

A DAT report reveals that North American freight spot rates have surged to multi-year highs due to various factors. The confluence of challenges, including hurricane disasters, the ELD mandate, and the e-commerce peak season, is expected to maintain tight capacity through the end of the year. The close connection between e-commerce and the spot market is also increasingly evident. High demand driven by online retail is contributing significantly to the upward pressure on freight rates and the overall capacity crunch in the trucking industry.

01/21/2026 Logistics Industry Insights
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Logistics Management Education Boosts Highpaying Career Prospects

Logistics Management Education Boosts Highpaying Career Prospects

This paper delves into the importance of logistics management education. Through analyzing industry trends, salary surveys, talent demands, and prestigious university programs, it reveals the significant returns on investment in logistics management education. The article emphasizes that logistics management has become a golden stepping stone to high-paying careers, urging more individuals to pay attention to and participate in this industry full of opportunities. It highlights the growing need for skilled professionals in the field and the potential for career advancement that logistics education provides.

01/18/2026 Logistics Industry Insights
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US Manufacturing Slump Continues Stoking Recession Fears

US Manufacturing Slump Continues Stoking Recession Fears

The US Manufacturing PMI has contracted for two consecutive months, raising concerns about a potential economic downturn. The report reveals weakness in key indicators like new orders and production. Experts highlight the continued decline in backlogs as a potential risk factor. The situation is influenced by a combination of high interest rates, a global economic slowdown, and geopolitical factors. Moving forward, it's crucial to seize opportunities in technological innovation and green transformation, stabilize the macroeconomy, and optimize the business environment to facilitate manufacturing recovery.

01/19/2026 Logistics Industry Insights
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Trucking Industry Rebounds As August Shipments Rise

Trucking Industry Rebounds As August Shipments Rise

The American Trucking Associations (ATA) reported that truckload volume continued its growth in August, reaching its highest level since February. Experts believe this signals a rebound in the freight market, but attention should still be paid to geopolitical risks such as high inflation and rising interest rates. E-commerce growth, supply chain optimization, and technological innovation will bring new development opportunities. The continued growth in truckload volume may be a leading indicator of broader economic recovery, though sustained positive trends are necessary to confirm this.

01/19/2026 Logistics
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Freight Industry Experts Advise on Navigating Economic Downturn

Freight Industry Experts Advise on Navigating Economic Downturn

Bloomberg analyst Lee Klaskow and Tucker Global Logistics President Tucker delve into the freight market amid the US economic recession. Klaskow predicts a 65% chance of a US recession, highlighting challenges like declining freight volumes and high inventory levels. He believes capacity rationalization will aid market recovery, with potential improvements in the second half of the year. Companies should focus on lean operations and diversification to seize opportunities amidst the challenges. The freight market's performance is seen as a key indicator of overall economic health and resilience.

01/19/2026 Logistics Industry Insights
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US Customs Rule Change Halts Highvalue Parcel Deliveries

US Customs Rule Change Halts Highvalue Parcel Deliveries

Due to new US Customs regulations, Shenzhen Baiyun Technology has announced the suspension of DHL, FEDEX, and UPS shipments with declared values exceeding $800 to the United States. This is in response to stricter import supervision processes. The measure aims to protect customer interests. Cross-border e-commerce sellers and individual senders need to pay attention to policy changes and adjust their logistics strategies accordingly to avoid potential delays or issues with customs clearance. This temporary suspension is a proactive measure to ensure compliance.

12/30/2025 Logistics
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Fedexs David Steiner Appointed USPS Director Amid Financial Struggles

Fedexs David Steiner Appointed USPS Director Amid Financial Struggles

The United States Postal Service's appointment of FedEx director David Steiner as its new Postmaster General and CEO has sparked industry attention. Can Steiner lead the financially struggling and highly competitive USPS through a transformation? His connection to FedEx and union concerns add uncertainty to the postal system's future. He faces multiple challenges, including optimizing operations, innovating business models, and improving labor relations. The appointment raises questions about potential conflicts of interest and the direction of postal reform under Steiner's leadership.

01/08/2026 Logistics
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Global Trade Risks Rise Without Original Bills of Lading

Global Trade Risks Rise Without Original Bills of Lading

This article delves into the definition, high-risk regions, preventive measures, and response strategies related to 'Delivery without Original Bill of Lading' in international trade. It aims to help foreign trade enterprises mitigate risks, protect their rights, and avoid the predicament of losing both goods and payment. The importance of selecting appropriate trade terms, carefully choosing freight forwarders, strictly adhering to operational procedures, and purchasing export credit insurance is emphasized. Furthermore, it provides effective methods for dealing with 'Delivery without Original Bill of Lading' incidents after they occur.

08/22/2025 Logistics Encyclopedia
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