Truck driver shortage is causing supply chain disruptions Here s what that means for you abc15.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from abc15.com Daily Mail and Mail on Sunday newspapers.
Trucking companies recruiting as driver shortage grows
“I don’t want to use the word ‘crisis’ but it’s a serious, serious problem,” said Larry Sellers, the President of Volume Transportation, Inc in Conyers. Author: Chenue Her Updated: 6:44 PM EDT May 18, 2021
ATLANTA Trucking companies are struggling to fill open jobs for drivers right now and that shortage continues to grow.
“I don’t want to use the word ‘crisis’ but it’s a serious, serious problem,” said Larry Sellers, the President of Volume Transportation, Inc in Conyers.
The issue may not be as apparent to the everyday person but Sellers said he has seen it for a few years.
April 2021 Trucking Marginally Declined
Written by Steven Hansen
Headline data for the CASS Freight Index show that truck volumes show volumes slowed month-over-month - but the year-over-year growth is now in double digits. In the opposite corner, the American Trucking Association (ATA) index also declined but is finally in expansion now year-over-year.
Analyst Opinion of Truck Transport
The CASS index is inclusive of rail, truck, and air shipments. The ATA truck index is inclusive of only trucking industry member movements (ATA s tonnage data is dominated by contract freight).
I put a heavier weight on the CASS index year-over-year which is more consistent with rail and ocean freight.
Everything is crashing: stocks, bonds, crypto, commodities all tumble ahead of Fed minutes (SPY -1.1%). April 2021 trucking marginally declined. Bitcoin tanks 20% in 24 hours to fall below $37,000.
Here is the current market situation from CNN Money
European markets are mixed. The DAX is higher by 0.06%, while the CAC 40 is leading the FTSE 100 lower. They are down 0.43% and 0.07% respectively.
What Is Moving the Markets
Here are the headlines moving the markets.
The IEAs Latest Proposal Is Both Reckless And Impossible The International Energy Agency, which has stepped up its efforts to become a major green energy supporter, appears to have forgotten the reason it was set up as an agency in the first place. In its new report Net Zero in 2050, the energy agency calls for no new investments in oil- and gas-related projects. As stated by Fatih Birol, the IEAs executive director, new energy security challenges will emerge on the way to net zero by 2050 while longstanding ones w
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