US Shippers’ Freight Costs Hit Five-Year High as Demand Stalls
US shippers paid the most to move freight since 2021 in the third quarter, US Bank data shows. Higher diesel prices and fewer available truck drivers helped push rates higher.
By Lisa BaertleinUS shippers in the third quarter paid the most to move freight since 2021, after soaring diesel prices due to the US and Israeli war on Iran and a reduction in available truck drivers following federal immigration crackdowns helped send rates higher, data from the US Bank Freight P…