US Trucker Shortage Squeezing Companies, Economy

Someday, self-driving freight trucks may rule the highways in America. But today, an acute shortage of truck drivers across the United States is concern for companies and economists.

Trucks sit in the lot of a service facility in Chicago on Jan. 25, 2018. Near-record levels of freight volume driven by an improving economy and new federal safety regulations have contributed to a nationwide truck shortage. Scott Olson/Getty Images

Someday, self-driving freight trucks may rule the highways in America. But today, an acute shortage of truck drivers across the United States is a concern for companies and economists.

Increasing retail and industrial demand fueled by a strong economy and rising wages have boosted inventory levels at businesses, increasing transportation needs. But poor weather conditions coupled with full national employment have squeezed the supply of trucks and truckers, pushing up hauling rates and transportation costs.