Tags: truck driver | freight transportation | federal reserve | trucker shortage

Huge Trucker Shortage Could Damage Economy, Analysts Warn

Trucks line up for shipping containers at the Port of Long Beach. (Bob Riha Jr./Reuters)

By    |   Thursday, 25 October 2018 12:05 PM

A growing shortage of U.S. truckers – already approaching 300,000 by some estimates -- is becoming so severe it could impede the economy and spark inflation, economists warn.

In an economy shifting to more and more online orders that require delivery, the shortage of drivers has attracted the attention of the Federal Reserve. Investors worry that rising transportation costs could lead the Fed to further tighten the money supply, throttling the economy.

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A growing shortage of U.S. truckers - already approaching 300,000 by some estimates -- is becoming so severe it could impede the economy and spark inflation, economists warn.
truck driver, freight transportation, federal reserve, trucker shortage
812
2018-05-25
Thursday, 25 October 2018 12:05 PM
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