# Truck Driver Shortage Slowing Freight Across U.S. - Steel Market Update

> A truck driver and equipment shortage is squeezing freight shipments across the US in May, with steel mills and distributors struggling to find trucks. High river water has tightened barge supply and pushed up spot rates, and Capesize ocean rates have risen to as much as $33,000 per day.

- Date: 2018-05-06 · published 2018-05-06T12:00:00.000Z
- Category: logistics · region US · magnitude low
- Page: https://feedsoft.ai/events/65203-truck-driver-shortage-slowing-freight-across-u-s-steel-market-update
- Commodities: [Barge Freight (St. Louis)](https://feedsoft.ai/c/BARGE.md)

## Why it matters

Tight barge and truck capacity raises the cost of moving feed ingredients such as corn, soybean meal and DDGS on inland waterways, which can widen basis and freight spreads for feed buyers.

## Read by commodity

- BARGE: bullish ▲

## Sources

- steelmarketupdate.com: https://www.steelmarketupdate.com/2018/05/06/truck-driver-shortage-slowing-freight-across-u-s/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.