The U.S. trucking industry is facing a complex mix of challenges that could tighten capacity in 2025 and beyond, according to recent insights from FTR Transportation Intelligence. Issues like rising insurance costs, declining truck orders, and new English proficiency regulations are expected to disrupt the supply of available carriers and drivers, particularly among small and mid-size fleets. Insurance Costs Surge, Threaten Small Carriers One of the most concerning developments is the sharp increase in commercial auto insurance premiums. According to the Producer Price Index (PPI), insurance costs rose 6.4% year-over-year in May, marking the steepest increase since at least 1998. Without a significant boost in freight rates or volumes, these rising costs could push smaller carriers out of the market, as many lack the financial buffer to absorb them. “Unless we see a large spike in spot rates or a surge in trade activity, many small fleets may… ...[TheTopNews] Read More.
2 weeks ago
