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Noting that supply chain pressures are a key driver of inflation, the bank said in a press release that the new indexes “present a new gauge to measure how widespread supply disruptions are, understand if availability is improving, and track inflationary pressures and the impact on local firms.” That’s all for this week.
As always, ATA Chief Economist Bob Costello clearly presented the situation, in terms of the challenges it creates and what it could mean for freight transportation and logistics. It also noted that the turnover rate for smaller truckload carriers dropped 7% compared to the first quarter at 73%, and was up 7% annually.
Routing optimization and analysis of shipping capacity are shaping up as good niches for predictive analytics, says Vernon. A recent study from the American Trucking Associations (ATA) predicted that the shortage would reach 50,000 drivers by the end of 2017, and, if trends hold, could reach 174,000 drivers by 2026.
Routing optimization and analysis of shipping capacity are shaping up as good niches for predictive analytics, says Vernon. A recent study from the American Trucking Associations (ATA) predicted that the shortage would reach 50,000 drivers by the end of 2017, and, if trends hold, could reach 174,000 drivers by 2026.
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