Since 2010 the number of female truck drivers has increased by 68 percent. While the vast majority of drivers are men, women are often-overlooked candidates who can also excel in these roles. Companies in the trucking industry have struggled to fill open positions, and the problem continues to grow because of high turnover, retirement and increased demand for goods. In 2018, the national trucker shortage was 60,800, by 2028 they are projecting 160,000 open positions within the trucking industry.
In September, demand for freight continued to remain strong. However a combination of tighter capacity and fuel price increases were causes for higher spot market rates. Refrigeration and flatbed freight dropped from August to September according to DAT Truckload Freight Volume Index. The index reflects changes in the actual number of spot market loads moved each month.
Oil prices edged lower on Tuesday after a key U.S. manufacturing report dimmed the outlook on the manufacturing industry and invoked lingering fears of a global recession.
U.S. farmers patience continues to grow thin as President Trump’s policies focus more on his trade wars with China and biofuel waivers for oil refineries.