Please forgive me if this has already been a live topic. I just found this sub.
As many of you may know, the trucking industry is poised to generate serious cost-push inflation. In short, on top of an already low capacity truck market, government regulated Electronic Logging Devices (ELDs) are reducing efficiency by 10-15% depending who you ask. In addition, many of the older truckers are retiring at alarming rates. Essentially, 2018 is largely predicted to present shippers with less than 100% of the trucks needed to keep America moving freight. This translates to premium rates across the board.
The result of this will be rising costs for all goods, but what are some of the best places to put your money? Gold looks safe as a hedge, but the rising cost of operating a truck may or may not be recovered fully by the rising transportation rates.
It seems like a good place to have this discussion - sorry if I'm in the wrong place for it.
My background: 2 years as a Freight Broker, 6 months as an independent dispatcher for small trucking firms.
Submitted December 27, 2017 at 09:31AM by ISayNiice http://ift.tt/2pIimM1
