Combat Rising Transportation Costs and Driver Shortage With Supply Chain Analytics
FEBRUARY 5, 2019
Today’s driver shortage is helping to drive transportation costs higher. To put this in perspective, 2018 is the first year since 2006 in which driver shortage is the primary concern of the industry. On top of all these factors, the driver shortages, an almost 100% driver turnover rate, and increased demand further jam up the supply chain and limit transportation options. As the chart indicates, truck transport costs rose sharply in 2017 and aren’t slowing down.