Inflation has significantly impacted the trucking and logistics industry, driving up costs across fuel, driver wages, maintenance, and materials. In 2022, inflation added roughly 12% more to expenses, translating to over $120,000 extra per million dollars spent. Fuel prices, especially diesel, have been particularly volatile, severely squeezing profit margins. While high freight demand and record rates initially helped offset inflation, rising operational costs and labor shortages continue to challenge carriers. To combat these pressures, companies are investing in efficiency-enhancing technologies, such as next-gen transportation management systems (TMS), optimized routing, and fuel-saving equipment, aiming to reduce costs and maintain profitability despite ongoing economic uncertainty.

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