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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Logistics Industry Struggles with Workforce Shortage Seeks Solutions

Logistics Industry Struggles with Workforce Shortage Seeks Solutions

The logistics industry faces a severe talent shortage crisis. Despite revenue and profit growth, customer satisfaction is declining. This shortage stems from rapidly evolving skill requirements and negative perceptions of the industry. To overcome this, a revamped talent strategy is crucial. This includes improving the industry's image, optimizing the work environment, providing development opportunities, increasing compensation, embracing technological advancements, and strengthening collaboration between universities and enterprises. These efforts are essential to attract and retain top talent and ensure the continued success and competitiveness of the logistics sector.

01/18/2026 Logistics Industry Insights
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Trucking Industry Booms Despite Driver Shortage Economic Worries

Trucking Industry Booms Despite Driver Shortage Economic Worries

FTR's Trucking Conditions Index (TCI) reached a new record high, reflecting the robust health of the US trucking industry. However, challenges remain. Driver shortages, fluctuating fuel prices, and inflation pose significant risks. To navigate future uncertainties, the trucking industry needs to focus on improving efficiency, attracting and retaining talent, embracing technology, and strengthening risk management strategies. The industry's continued success hinges on its ability to adapt and overcome these ongoing capacity challenges.

01/21/2026 Logistics Industry Insights
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US Freight Industry Grapples With Truck Driver Shortage

US Freight Industry Grapples With Truck Driver Shortage

American Trucking Associations data reveals driver turnover rates at large truckload carriers surged to a three-year high, while smaller carriers saw a slight decrease. Experts believe the driver market remains tight, primarily due to regulatory pressures and demographic shifts. This driver shortage not only impacts freight transportation but also the overall economy, requiring a collaborative effort from the government, industry, and individual companies to address the issue. The lack of drivers is significantly disrupting supply chains and increasing costs across various sectors.

01/28/2026 Logistics Industry Insights
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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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Truck Driver Shortage Worsens Amid Unfair Reporting Practices

Truck Driver Shortage Worsens Amid Unfair Reporting Practices

The truck driver shortage is worsening, exacerbated by improper reporting practices. This article analyzes the impact of these practices on drivers, revealing reasons for low retention rates. It proposes solutions including standardizing reporting procedures, improving compensation and benefits, and enhancing the work environment. The aim is to urge industry stakeholders to collaboratively improve working conditions and treatment for truck drivers, thereby alleviating the driver shortage. Addressing these issues is crucial for attracting and retaining qualified drivers and ensuring the stability of the transportation industry.

01/29/2026 Logistics Industry Insights
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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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US Warehouse Shortage Hits Record Low CBRE Reports

US Warehouse Shortage Hits Record Low CBRE Reports

A CBRE report indicates that the US industrial real estate vacancy rate continues to decline to a historic low, exacerbating the supply-demand imbalance. E-commerce growth and economic expansion are key drivers, with future supply expected to catch up with demand. Businesses need to pay attention to market segmentation differences, technological innovation, and policy impacts. By seizing opportunities and addressing challenges, companies can achieve long-term growth in the industrial real estate sector.

02/03/2026 Logistics Industry Insights
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US Industrial Real Estate Shortage Worsens CBRE Reports

US Industrial Real Estate Shortage Worsens CBRE Reports

A CBRE report reveals that U.S. industrial real estate availability rates continue to decline to historic lows, exacerbating the supply-demand imbalance. E-commerce growth, supply chain restructuring, and population growth drive demand, while land scarcity, labor shortages, and infrastructure bottlenecks pose challenges. The report forecasts that the long-term growth trend of the market remains unchanged, with innovation, technology, and sustainable development bringing new opportunities. The industrial sector is expected to remain strong despite these challenges, with a focus on adapting to evolving market dynamics.

02/04/2026 Logistics Industry Insights
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Logistics Industry Struggles with Talent Shortage During Transformation

Logistics Industry Struggles with Talent Shortage During Transformation

The logistics industry faces a significant talent shortage, hindering its development. This report analyzes the underlying causes and skills gaps contributing to this issue. It recommends strategies such as reshaping the industry's image to attract talent, strengthening training and development programs, and embracing technological advancements to address the challenges. These measures are crucial for ensuring a sustainable and skilled workforce in the logistics sector and overcoming current employment difficulties.

02/04/2026 Logistics Industry Insights
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