Recent data show that trucking costs are still rising, but not as fast as before.
One interesting fact is the decline in Midwest trucking volume. Auto makers have cut production by 30%, and the Midwest is struggling economically. This means less demand for trucking services.
But overall, truckload shipment volumes were still up slightly, continuing the trend.
This article has some nice numbers which define the trend. It would be nice to see a graph of the history of some of the numbers, like the average fuel charges. These are surcharges for fuel that trucking companies add to freight invoices because diesel fuel is elevated in price beyond some ‘norm’ they have decided they ought to pay.
By Ian Putzger in Toronto 21/10/2021Trucking costs rise as US freight traffic grows – but the momentum is slowing – The Loadstar