Trucking companies outbidding each other for drivers using salary and per-mile wage increases are leaving themselves vulnerable when the next economic downturn hits, the American Trucking Association’s chief economist warns.
Bob Costello told the Motor Carrier Safety Advisory Committee (MCSAC), part of the Federal Motor Carrier Safety Administration, that the slim margins generated in the trucking sector – 5% on average – heighten the cause for concern.
“I’m concerned about the next downturn....
https://www.freightwaves.com/news/ata-driver-pay-increases-could-come-back-to-haunt-carriers