The Motor & Equipment Manufacturers Association reports that an uncertain economy paints a cloudy picture for the trucking industry. Carriers are split as to whether rates will increase or stay flat, and only 21% of carriers reported rate increases over the past three months. This does not bode well for drivers’ pay, notes TCP Partner Steven Dutro. “Driver pay increases will be constrained by these stagnant rates. It will be a tough balancing act for carriers to keep drivers. Investment in capacity is also likely to continue to slow,” he said.

Read the full article at MEMA.org.