Thursday, December 23, 2010

Analysis: Truckers face cost squeeze in 2011

A recovering U.S. economy and a shortage of skilled drivers will force the nation's trucking industry to either pass through unpopular price hikes next year or take a hit to their profit margins.

Rising demand for consumer and industrial goods means truckers, who haul 70 percent of U.S. freight, are in for a busy 2011. That will keep things tight in an industry hit hard by the recession.

From Reuters