The U.S. trucking industry, at the center of the nation’s struggle to move freight efficiently, is caught in its own constricted supply chain.
Production of heavy-duty trucks that haul trailers is bogged down by parts shortages that can’t keep up with a long backlog of orders, industry executives said, keeping fleets from replacing and adding trucks at the same time demand for shipping consumer goods and industrial materials is elevated. Dwindling availability of new trucks, along with a drivers shortage and surging fuel prices, are deepening logistics problems that have been dragging on the U.S. economy, pushing up delivery times and increasing transportation costs.
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This post first appeared on wsj.com
