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Driver Shortage Hits Online Retailers, Trickling Higher Shipping Costs to Consumer

Driver Shortage Hits Online Retailers, Trickling Higher Shipping Costs to Consumer

Companies such as Hasbro, Kellogg, and Tyson Foods have been in the news recently speaking on the impact that higher freight costs are having on their bottom line, with Tyson’s CEO Tom Hayes noting that the company’s shipping costs are expected to grow by $250 million this year.  In fact, according to DAT Solutions, the cost per mile for spot rates is up 29% year-over year and tightened capacity is definitely one of the culprits.(1)