Soaring Cost of Trucking Threatens to Stoke U.S. Inflation | Bloomberg
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Producer-price figures from the Labor Department on Wednesday showed that inflation continued to build in the sector last month, with general long-distance freight trucking costs advancing 9.4 percent in June from a year earlier. That was the largest year-over-year increase in nearly a decade. The broader producer-price index was up 3.4 percent, the most since November 2011."
"A shortage of drivers, new regulations and solid demand are driving up rates charged by trucking companies to haul loads over the country’s more than 46,000 miles of interstate highways. Combined with higher materials prices, partly due to the Trump administration’s tariffs, rising transportation costs are putting pressure on goods producers."
This is why we now pay more for food.