Truckload Carrier Pitch to Raise Rates in 2018 Underway; ELDs, Driver Pay, Turnover All Concerns
The combination of the electronic logging device mandate, a shortage of drivers and an improving freight market has carriers and shippers wondering about transportation prices heading into 2018.
For trucking companies, the potential for rate increases could help offset costs tied to driver pay and turnover — areas where they’ve increased spending despite rates that have remained flat year-over-year.
“Earlier this year, truckload volumes were flat, but that started to change in the late spring and now there’s a tighter driver market,” American Trucking Associations Chief Economist Bob Costello said.
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