The federal ELD mandate is adding to the already tight capacity market creating even more headaches for shippers.
Big time corporations are seeing lost profits due to logistics and increased shipping expenses. With the higher costs of freight, analysts fear a raise in interest rates could be on the horizon. Couple the increased cost with a shortage of drivers and companies are starting to offer different incentives to keep drivers.
Read more about the driver shortage, how capacity impacts shipper’s costs and a potential increase in interest rates here.