Trucking executives are reportedly turning down record amount of freight just before the peak holiday season since they don't have enough drivers.
According to Logistics Management, the current rate environment is favorable for carriers, and will be for the foreseeable future.
Despite a small drop in August, the market place remains positive. It was only a matter of time before rates were supposed to rise. For the last decade, profit margins were barely above pennies on the dollar, Logistics Management report.
The rise in rates is no long temporary, and should be viewed as a long time trend. Shippers will need to be aware of the situation now that it's beyond anybody's control.
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