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Trucking shortage pushes up prices

     Truck

Sharply increased rates for U.S. truck freight could rise even higher as nation-wide enforcement of driver time limits, now monitored electronically with Electronic Logging Devices (ELDs), is forcing many drivers off the road.

Most major trucking companies have added ELDs to their rigs, but smaller, independent drivers are against the technology.  Analysts say ELDs will reduce trucking capacity by 2-5 percent.

For more information, contact William Sanchez, Manager – Truck Services.

Quick Tip #24
Are you using the latest Incoterms?

Make sure your contracts of sale include the appropriate trade term in conjunction with the words “Incoterms 2010”, which came into effect January 2011.

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