Trucking Shortage Drives Up Costs | Business and Finance News

Trucking’s tightening grip is here to stay—freight rates hit record highs while road space shrinks, fueled by a driver shortage and new federal rules. Fleets are holding off on buying new trucks due to razor-thin margins, even as spot rates climb. But relief may come later this year as contract rates catch up and aging fleets finally upgrade, especially with upcoming emissions regulations forcing the change. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/38abff58e4c51d0d