A new shortage is impacting the freight market, and it has nothing to do with drivers

July 14, 2021

A panel of trucking industry experts came up with a new way of looking at the trucking industry’s number one problem that just might turn the conventional wisdom about a “driver shortage” on its head. This, in addition to a look at the U.S. economy’s response to the pandemic pushing the trucking industry to historically high rates and tight capacity comprised FTR Transportation Intelligence’s webinar on Thursday last week.

“In a nutshell, the economy is doing well,” said FTR Vice President of Trucking Avery Vise. “We’ve seen a strong rebound from the contraction early in the pandemic, but neither industrial production or manufacturing output is where they were before.”