Industry experts say pay is rising as companies compete for truck drivers, warehouse workers and other labor to keep goods moving in a strong shipping market. Photo: Bloomberg NewsLogistics and freight transport companies went on a hiring spree in May, adding 18,700 jobs to keep pace with accelerating demand in the U.S. shipping markets. “Retailers and e-commerce companies have invested money in their supply chains to be able to offer those types of services,” he said. Consumer-goods and other companies say their freight costs are rising rapidly as they compete for space in capacity-constrained shipping networks. Dollar Tree Inc. said this week its profit margins were hurt by higher freight costs, partly the result of difficulty finding truck drivers in a tight jobs market.

Source: Wall Street Journal June 01, 2018 17:26 UTC