- A shortage of truck drivers in the US has increased their wages, on average.
- Unlike many other industries, trucking companies have been able to pass on these higher costs to their clients through higher prices.
- But in most other industries, including those getting crushed by higher freight costs, it’s not as easy to raise prices.
There aren’t enough truck drivers in the US to meet the demand for freighting services.
One outcome of this is that truck drivers, on average, are getting paid more. The median salary for a truckload driver working a national, irregular route has risen by 15% since 2013, a survey from the American Trucking Association, a trade group, showed. See the rest of the story at Business Insider
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- The trucking industry is handling its driver shortage in a unique way — and it could crush others that depend on it
SEE ALSO: Companies across America say they’re under intense pressure to pay workers more
