Harvey adds a tailwind to US truck price hikes

As Hurricane Harvey recedes, truck rates will only rise, not just in Texas but nationwide, thanks to the Gulf Coast storm. The question is, by how much? Perhaps in the high single digits, an industry pricing expert said. “It will be somewhere in the 8 to 10 percent range, but we’re just a few days into it,” Mark Montague, industry pricing analyst with load board operator DAT Solutions, said Tuesday. Data needed to make an accurate forecast isn’t available yet, but there’s no question truck pricing and transportation costs will surge.
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