Preliminary information for October from ACT Research indicates that the US trailer industry booked 54,200 net orders for the month, up 6% from September and more than 68% better than the same month last year.
Finding truck drivers, especially as the current group ages and more people are reluctant to spend time from home during the COVID-19 pandemic, is the trucking industry’s biggest challenge.
That’s the finding of the latest annual American Transportation Research Institute survey of the biggest issues facing the industry.
Motor carrier chief executives also echo the same problem as they report third-quarter financial results to industry analysts and investors.
Trucking rates are going up because the industry can’t find enough drivers to meet freight demand.