Chemicals and Market Impact

What's Contributing To Truck Driver Shortages & Why It Matters

Oct 5, 2021 8:31:12 AM / by Graham Copley posted in Chemicals, LNG, freight, Logistics, transportation, Shortage, truck drivers shortage, trucking

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Our Sunday thematic and weekly recap report covers how the US is short of truck drivers (60,000) during a period when freight is struggling to move from congested ports – holiday buying will add more stress. This matters because we have record shipments of containers on the docks at US ports and record shipping backlogs waiting to unload as well as well documented shortages of durables in warehouses and at retailers.

The image below shows the mismatch in driver availability and trucking rates:

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