In the past two months, the U.S. has been experiencing a severe trucking shortage since the new electronic logging device (ELD) was implemented. Since the enforcement of the ELD mandate on April 1, the trucking capacity crunch has seemed to worsen.
After this years hurricanes, the new ELD mandate and the ongoing driver shortage, the trucking industry is facing a capacity crunch. The capacity crunch is creating a drastic increase in freight rates. The trucking capacity crunch is making it harder and harder for both shippers and carriers to survive in the industry. Although the higher-than-average economic growth is a good thing, it is causing manufacturers and suppliers to do more business than before, making it difficult to secure carrier capacity. Shippers and carriers need to work together in this time of need to keep costs low while serving customers efficiently.