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High Freight Demand Provides Momentum for Trucking Industry

November 24, 2020


Economic indicators suggest the trucking industry could be poised for growth in 2021, after the coronavirus pandemic caused a topsy-turvy year in 2020 marked by unpredictable demand and continued uncertainty in the driver pool.

“The overall outlook of the trucking industry is trending in an optimistic direction, and it has been for months despite the shortage of drivers,” Avi Geller, president of the transportation management services provider Maven Machines, told Transport Topics. “The increase in driver pay is a sign of sustained profitability, as well as an increase in expected load volume.” Fleets have in recent weeks been announcing increases in pay rates for drivers.

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