ECONOMIC WATCH: Driver shortage, low truck production to push up spot market rates

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COLUMBUS, Ind. – The U.S. CARES Act is incentivizing laid-off truck drivers to stay home, and creating a driver shortage, which is pushing up spot market rates. That’s according to ACT Research’s Freight Forecast: U.S. Rate and Volume Outlook report. Its survey-based measure of the direction of spot rates turned to a 10% year-over-year increase […]

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