Trucking costs to remain high

Rabobank predicts that trucking rates will remain high into next year, driven by a shortage of drivers and higher fuel costs.

It says the driver shortage is severe in the United States, England, Germany and Poland.

Other issues hurting the industry are the COVIDF-19 pandemic and the Russian invasion of the Ukraine.

Rabobank said there is a risk that some of the weaker companies will be taken over by competitors, consolidating ownership of trucking.