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Tens of thousands — potentially hundreds of thousands — of truck drivers have left the industry since early 2019, experts say, leaving retailers scrambling to fill shelves and online orders. And mostly, that means paying drivers top dollar to make sure their shelves are stocked and your packages arrive on time.
Spot loads cost retailers 29% more during the week of August 31 compared to the same period last year, according to Cowen data. Double-digit percentage increases have been the norm in August and September, and those sky-high rates are excellent news for truck drivers.
I think the worst of it is not yet over.
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