Trucking CEOs expect higher prices potential disruptions in second half of the year

Trucking CEOs expect higher prices potential disruptions in second half of the year

Summary : Truckers servicing some of the US’s busiest ports are staging protests as state-level labor rules that change their employment status begin to go into effect, creating another choke point in stressed US supply chains.

A recent survey of customers by SAIA, a trucker for Starbucks, Home Depot and Lowe’s, found the majority of companies are still working to figure out their next step and what the “new normal” is for their business, according to CEO Fritz Holzgrefe.

“They were talking a lot about continuing to rebuild inventory positions, straightening out their supply chains through the balance of the year, even into the first part of next year,” Holzgrefe told CNBC. We believe contract rates are going to be at a place that is going to allow trucking companies to be remarkably profitable.”

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