AAA recently published their Thanksgiving travel predictions; they are estimating over 55 million people will be hitting the roads and skies this season. The number of travelers is factored using a trip calculation of 50 miles or more away from home. According to the analysis, “This will be the second-highest Thanksgiving travel volume since AAA began tracking in 2000, trailing only the record set in 2005. Overall, an additional 1.6 million more people will travel compared with last year, a 2.9% increase. The vast majority of holiday travelers will drive to their destinations and, INRIX, a global transportation analytics company, expects Wednesday afternoon to be the worst travel period nationally, with trips taking as much at four times longer than normal in major metros.” Although AAA expects the largest increase to take place with drivers on the road it is important to note that their largest air delays will take place in Atlanta, Los Angeles, New York, and Boston.
Well, here we are again, another year, another kickoff to summer and the beginning to millions of traveling vacationers heading out the door!
From Black Friday to Cyber Monday and all throughout December, there will be more products sold and shipped in the U.S. than any other time of the year. Staffing shortages and recent import tariffs have made retail executives stay on their toes and prepare for the season.
Another concern that certainly weighs heavy on their minds are fuel and trucking costs, in particular the truck driver shortage that has plagued the trucking industry for years now.
Good news for those traveling next week. Oil prices have fallen considerably which is impacting gas prices. Currently, the national average gas price is $2.68 a gallon. While this is higher than the price drivers paid last Thanksgiving, the national average was $2.52 a gallon, it’s still lower than this year’s high of $2.97 a gallon last Memorial Day.