2021 crystal ball for trucking: shippers get ready to pay more, maybe much more

Unusual and unpredictable freight patterns, rebuilding supply chains with new inventory, an influx of owner-operators into the market and the worsening driver shortage for company fleets are causing trucking experts to expect a “very strong” market for industry profitability in 2021. That’s the word from prominent industry analysts and top trucking executives who are bracing for a post-COVID surge in the new year. They expect retailers to restock depleted inventory and are predicting a long-delayed rebound in manufacturing following the COVID-induced economic shutdown last March.
Source: logistics Mgmt